Dakota Wealth Management Has $918,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Dakota Wealth Management decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 65.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,439 shares of the industrial products company’s stock after selling 21,988 shares during the quarter. Dakota Wealth Management’s holdings in Stanley Black & Decker were worth $918,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SWK. UMB Bank n.a. grew its holdings in Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after buying an additional 96 shares in the last quarter. Castleview Partners LLC grew its stake in shares of Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 103 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 111 shares during the last quarter. Advisors Management Group Inc. ADV lifted its position in shares of Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley reduced their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Price Performance

NYSE SWK opened at $88.21 on Friday. The company has a market cap of $13.60 billion, a PE ratio of -64.39, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $84.07 and its two-hundred day simple moving average is $93.36. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. 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.