Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by KBC Group NV

KBC Group NV grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 886.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 224,818 shares of the industrial products company’s stock after buying an additional 202,028 shares during the quarter. KBC Group NV’s holdings in Stanley Black & Decker were worth $18,050,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $36,000. Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker during the 3rd quarter valued at $59,000. Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker in the 3rd quarter worth $72,000. Finally, Sunbelt Securities Inc. boosted its position in 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 buying an additional 513 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SWK. The Goldman Sachs Group increased their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley dropped their target price on shares of 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. Barclays cut their price target 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. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $88.80 on Wednesday. The firm’s 50-day simple moving average is $84.20 and its 200 day simple moving average is $93.59. The stock has a market cap of $13.69 billion, a P/E ratio of -64.82, a P/E/G ratio of 1.85 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.14 EPS for the current 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.