Savant Capital LLC Sells 22,523 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Savant Capital LLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 73.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,254 shares of the industrial products company’s stock after selling 22,523 shares during the period. Savant Capital LLC’s holdings in Stanley Black & Decker were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWK. Clean Energy Transition LLP grew its position in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. State Street Corp lifted its stake in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after purchasing an additional 390,941 shares during the period. FMR LLC lifted its stake in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after purchasing an additional 235,106 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the topic of a number of recent analyst reports. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group dropped their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $87.18 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The stock has a 50 day moving average price of $83.90 and a two-hundred day moving average price of $93.30. The firm has a market capitalization of $13.44 billion, a P/E ratio of 44.94, a P/E/G ratio of 1.87 and a beta of 1.24. 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 issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current fiscal 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.