Stanley Black & Decker, Inc. $SWK Position Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 89.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,678 shares of the industrial products company’s stock after selling 54,752 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Stanley Black & Decker were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SWK. Cardinal Point Capital Management ULC bought a new position in Stanley Black & Decker in the second quarter worth about $339,000. FSM Wealth Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $226,000. Forum Financial Management LP lifted its holdings in shares of Stanley Black & Decker by 3.7% in the 2nd quarter. Forum Financial Management LP now owns 5,009 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 178 shares during the last quarter. Ethic Inc. boosted its position in Stanley Black & Decker by 2.8% during the 2nd quarter. Ethic Inc. now owns 28,889 shares of the industrial products company’s stock valued at $1,954,000 after purchasing an additional 775 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Stanley Black & Decker by 2.4% during the 2nd quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock worth $496,000 after buying an additional 172 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SWK. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Barclays dropped their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Down 2.0%

SWK opened at $68.55 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market capitalization of $10.61 billion, a PE ratio of 21.76, a P/E/G ratio of 1.46 and a beta of 1.19. The stock’s fifty day moving average is $73.44 and its 200-day moving average is $69.41. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $96.75.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.72 billion for the quarter. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

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 Outdoor and Industrial segments.