DekaBank Deutsche Girozentrale Buys 192 Shares of Stanley Black & Decker, Inc. $SWK

DekaBank Deutsche Girozentrale lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,979 shares of the industrial products company’s stock after acquiring an additional 192 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Stanley Black & Decker were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Allen Wealth Management LLC increased its holdings in Stanley Black & Decker by 0.9% in the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock worth $1,264,000 after purchasing an additional 160 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Stanley Black & Decker by 3.8% in the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 165 shares in the last quarter. Parallel Advisors LLC increased its holdings in Stanley Black & Decker by 15.0% in the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 171 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Stanley Black & Decker by 8.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 174 shares in the last quarter. Finally, RB Capital Management LLC increased its holdings in Stanley Black & Decker by 1.8% in the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 175 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWK. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Robert W. Baird raised their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Barclays reduced their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Friday. Finally, Wells Fargo & Company raised their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Down 0.3%

Shares of NYSE:SWK opened at $70.19 on Friday. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.19. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $104.35. The business’s 50 day moving average is $73.75 and its 200 day moving average is $69.16.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal 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 Outdoor and Industrial segments.