Welch & Forbes LLC Purchases 11,006 Shares of Stanley Black & Decker, Inc. (SWK)

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Welch & Forbes LLC increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,005 shares of the industrial products company’s stock after buying an additional 11,006 shares during the quarter. Welch & Forbes LLC owned 0.13% of Stanley Black & Decker worth $29,436,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Stanley Black & Decker by 0.4% during the second quarter. BlackRock Inc. now owns 9,874,426 shares of the industrial products company’s stock valued at $1,311,421,000 after purchasing an additional 42,626 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after purchasing an additional 974,556 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in Stanley Black & Decker by 12,769.7% during the first quarter. Summit Trail Advisors LLC now owns 2,109,726 shares of the industrial products company’s stock valued at $2,110,000 after purchasing an additional 2,093,333 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Stanley Black & Decker by 71.4% during the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after purchasing an additional 758,031 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Stanley Black & Decker by 5.9% during the second quarter. Morgan Stanley now owns 1,478,639 shares of the industrial products company’s stock valued at $196,378,000 after purchasing an additional 82,403 shares in the last quarter. 83.56% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on SWK shares. Morgan Stanley cut their target price on shares of Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating for the company in a research note on Monday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Barclays lifted their target price on shares of Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Saturday, July 7th. Finally, UBS Group cut their target price on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $177.56.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the sale, the vice president now owns 12,766 shares in the company, valued at approximately $1,774,984.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.

Shares of Stanley Black & Decker stock traded down $2.59 on Wednesday, hitting $125.51. 17,309 shares of the company’s stock traded hands, compared to its average volume of 1,298,199. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.73 and a beta of 0.98. Stanley Black & Decker, Inc. has a one year low of $127.35 and a one year high of $176.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.03 by $0.54. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 8.38 EPS for the current fiscal year.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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