Benedict Financial Advisors Inc. Sells 303 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Benedict Financial Advisors Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,959 shares of the industrial products company’s stock after selling 303 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Stanley Black & Decker were worth $478,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC lifted its stake in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $49,000. R Squared Ltd bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $54,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.8 %

SWK stock opened at $86.56 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The stock has a market cap of $13.34 billion, a P/E ratio of 44.62, a P/E/G ratio of 1.87 and a beta of 1.24. The stock’s fifty day simple moving average is $83.91 and its two-hundred day simple moving average is $93.46. 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 (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts expect that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Wells Fargo & Company decreased 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. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays lowered their price objective on 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.