GSB Wealth Management LLC Cuts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

GSB Wealth Management LLC reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,675 shares of the industrial products company’s stock after selling 149 shares during the period. GSB Wealth Management LLC’s holdings in Stanley Black & Decker were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SWK. UMB Bank n.a. increased its position in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 96 shares during the last quarter. 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 worth $305,000 after acquiring an additional 103 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 111 shares during the last quarter. Advisors Management Group Inc. ADV boosted its stake in shares of Stanley Black & Decker by 3.2% in the 3rd 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 in the last quarter. Finally, MML Investors Services LLC lifted its stake in 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 purchasing an additional 127 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK opened at $88.21 on Friday. The firm has a market cap of $13.60 billion, a PE ratio of -64.39, a P/E/G ratio of 1.85 and a beta of 1.24. The stock has a 50-day moving average price of $84.12 and a 200-day moving average price of $93.41. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

SWK has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird dropped their price objective on 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. Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.25.

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.