Sumitomo Life Insurance Co. Cuts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Life Insurance Co. cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,519 shares of the industrial products company’s stock after selling 224 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Stanley Black & Decker were worth $443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC boosted its position in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. R Squared Ltd purchased a new stake in Stanley Black & Decker during the fourth quarter worth about $54,000. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley decreased their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.89 on Friday. The business’s 50-day moving average price is $84.31 and its 200 day moving average price is $93.56. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a market capitalization of $13.86 billion, a PE ratio of -65.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the company earned $1.05 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current year.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.