Stanley Black & Decker, Inc. $SWK Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 67.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,723 shares of the industrial products company’s stock after selling 265,867 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.08% of Stanley Black & Decker worth $8,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SWK. Vest Financial LLC lifted its position in Stanley Black & Decker by 46.4% during the 2nd quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after acquiring an additional 286,331 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Stanley Black & Decker by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company’s stock worth $1,494,000 after acquiring an additional 3,009 shares in the last quarter. Rempart Asset Management Inc. lifted its position in Stanley Black & Decker by 22.5% during the 2nd quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock worth $10,617,000 after acquiring an additional 28,826 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in Stanley Black & Decker by 3.0% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock worth $104,224,000 after acquiring an additional 45,107 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Stanley Black & Decker by 474.4% during the 2nd quarter. Nordea Investment Management AB now owns 89,582 shares of the industrial products company’s stock worth $6,077,000 after acquiring an additional 73,987 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $69.89 on Thursday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $96.75. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business has a 50 day simple moving average of $73.53 and a 200-day simple moving average of $69.42.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.72 billion during the quarter. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays reduced their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Robert W. Baird boosted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Morgan Stanley reaffirmed a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.10.

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 Outdoor and Industrial segments.