Sumitomo Mitsui DS Asset Management Company Ltd Buys 149 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,892 shares of the industrial products company’s stock after purchasing an additional 149 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Stanley Black & Decker were worth $1,758,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the last quarter. Clean Energy Transition LLP raised its stake in Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Stanley Black & Decker by 7.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after purchasing an additional 109,100 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SWK. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Robert W. Baird decreased their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Down 0.8 %

NYSE:SWK opened at $85.81 on Tuesday. The stock has a fifty day simple moving average of $83.91 and a 200-day simple moving average of $93.55. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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 anticipate that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

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.