GSB Wealth Management LLC Sells 149 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

GSB Wealth Management LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,675 shares of the industrial products company’s stock after selling 149 shares during the period. GSB Wealth Management LLC’s holdings in Stanley Black & Decker were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its position in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Stanley Black & Decker in the third quarter worth about $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Stanley Black & Decker in the third quarter worth about $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $88.21 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a market capitalization of $13.60 billion, a PE ratio of -64.39, a P/E/G ratio of 1.85 and a beta of 1.24. The company has a 50 day moving average price of $84.12 and a 200-day moving average price of $93.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on SWK shares. Morgan Stanley reduced their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays reduced their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company decreased 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 report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $101.25.

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 Storage segment, and Industrial segment.