KBC Group NV Raises Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

KBC Group NV boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 886.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,818 shares of the industrial products company’s stock after buying an additional 202,028 shares during the quarter. KBC Group NV owned approximately 0.15% of Stanley Black & Decker worth $18,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SWK. American Century Companies Inc. lifted its position in Stanley Black & Decker by 12.2% in the second quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 1,416 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Stanley Black & Decker by 68.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,882 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 2,391 shares during the period. Marshall Wace LLP acquired a new position in Stanley Black & Decker in the second quarter valued at $1,020,000. AQR Capital Management LLC boosted its stake in shares of Stanley Black & Decker by 161.6% during the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock worth $17,725,000 after buying an additional 137,058 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in Stanley Black & Decker in the 2nd quarter valued at about $872,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWK has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays dropped their price objective on 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 upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $88.80 on Wednesday. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The stock has a market cap of $13.69 billion, a PE ratio of -64.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. The business’s fifty day moving average price is $84.20 and its two-hundred day moving average price is $93.59. 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 released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. On average, analysts forecast that Stanley Black & Decker, Inc. will post 4.14 EPS for the current fiscal year.

Stanley Black & Decker 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.