Avior Wealth Management LLC Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Avior Wealth Management LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,669 shares of the industrial products company’s stock after selling 1,002 shares during the quarter. Avior Wealth Management LLC’s holdings in Stanley Black & Decker were worth $535,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after buying an additional 11,151 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $1,386,000. Avanza Fonder AB acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $1,287,000. State Street Corp lifted its position in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Finally, FMR LLC grew its stake in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 0.3 %

Stanley Black & Decker stock opened at $88.21 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of -64.39, a PEG ratio of 1.85 and a beta of 1.24. The firm has a 50-day moving average price of $84.12 and a two-hundred day moving average price of $93.41.

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

Analyst Upgrades and Downgrades

SWK has been the topic of several research reports. Robert W. Baird cut 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. 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 report on Thursday, December 19th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company reduced their price target on shares of 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. Finally, Morgan Stanley lowered their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.