Naples Global Advisors LLC Sells 191 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Naples Global Advisors LLC lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,728 shares of the industrial products company’s stock after selling 191 shares during the period. Naples Global Advisors LLC’s holdings in Stanley Black & Decker were worth $861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWK. Harbor Capital Advisors Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $1,386,000. Avanza Fonder AB bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at $1,287,000. State Street Corp boosted its position in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the last quarter. FMR LLC increased its holdings in Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after buying an additional 35,100 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.8 %

NYSE SWK opened at $86.84 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $13.39 billion, a P/E ratio of 44.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The stock’s 50-day moving average price is $83.81 and its 200-day moving average price is $93.41.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup reduced their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays dropped their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird reduced their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Company Profile

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.