Brown Lisle Cummings Inc. Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Brown Lisle Cummings Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,034 shares of the industrial products company’s stock after buying an additional 1,818 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Stanley Black & Decker were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rise Advisors LLC raised its stake 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 worth $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth about $36,000. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $59,000. Crews Bank & Trust bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $49,000. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 3.2 %

Shares of NYSE:SWK opened at $85.25 on Tuesday. The firm has a fifty day moving average of $84.33 and a 200 day moving average of $93.60. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Analyst Ratings Changes

SWK has been the subject of several research reports. Barclays cut their price target 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. The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a 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 on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Company 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.