Sumitomo Mitsui Trust Group Inc. Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,488 shares of the industrial products company’s stock after purchasing an additional 1,511 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Stanley Black & Decker worth $31,111,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Castleview Partners LLC raised its stake in shares of Stanley Black & Decker by 3.9% during the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 103 shares during the period. Empirical Finance LLC raised its stake in shares of Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 111 shares during the period. Advisors Management Group Inc. ADV raised its stake in shares of Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. MML Investors Services LLC increased its stake in shares of Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after buying an additional 127 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Stanley Black & Decker by 1.4% in the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK stock opened at $87.34 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The firm has a market capitalization of $13.46 billion, a PE ratio of 45.02, a P/E/G ratio of 1.87 and a beta of 1.24. The firm has a 50-day moving average of $83.85 and a two-hundred day moving average of $93.53.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho upgraded 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 research note on Thursday, December 19th. Wells Fargo & Company dropped their price target 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. Barclays dropped their price target 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. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently 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.