Jones Financial Companies Lllp Buys 6,390 Shares of Stanley Black & Decker, Inc. $SWK

Jones Financial Companies Lllp grew its position in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 7.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 90,711 shares of the industrial products company’s stock after acquiring an additional 6,390 shares during the period. Jones Financial Companies Lllp owned 0.06% of Stanley Black & Decker worth $6,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Stanley Black & Decker in the second quarter valued at about $107,111,000. Schroder Investment Management Group raised its holdings in Stanley Black & Decker by 129.5% in the 2nd quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company’s stock valued at $118,769,000 after buying an additional 989,032 shares during the last quarter. ProShare Advisors LLC boosted its position in Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after buying an additional 761,191 shares during the period. Balyasny Asset Management L.P. acquired a new position in Stanley Black & Decker in the 2nd quarter valued at approximately $36,003,000. Finally, Clean Energy Transition LLP raised its stake in shares of Stanley Black & Decker by 30.0% during the second quarter. Clean Energy Transition LLP now owns 1,785,462 shares of the industrial products company’s stock valued at $120,965,000 after acquiring an additional 412,029 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SWK shares. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Wells Fargo & Company upped their target price on Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.38.

Get Our Latest Research Report on SWK

Stanley Black & Decker Stock Up 1.1%

Shares of NYSE:SWK opened at $85.57 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $90.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35. The business’s 50-day moving average is $77.63 and its 200-day moving average is $73.68. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.18 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.14. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.78 billion. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Company Profile

(Free Report)

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

Further Reading

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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