Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,576 shares of the industrial products company’s stock after selling 7,795 shares during the period. State of Alaska Department of Revenue’s holdings in Stanley Black & Decker were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SWK. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $36,000. Crews Bank & Trust acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $49,000. R Squared Ltd acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $54,000. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $59,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Stanley Black & Decker by 363.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 513 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $85.33 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 1.87 and a beta of 1.24. The company has a fifty day simple moving average of $83.83 and a 200-day simple moving average of $93.47. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts anticipate that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SWK has been the subject of several analyst reports. Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of 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. Citigroup reduced their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group reduced their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.00.

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.