ProShare Advisors LLC Sells 374,374 Shares of Stanley Black & Decker, Inc. $SWK

ProShare Advisors LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,348,957 shares of the industrial products company’s stock after selling 374,374 shares during the period. ProShare Advisors LLC owned 1.52% of Stanley Black & Decker worth $174,598,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in shares of Stanley Black & Decker in the 2nd quarter worth $25,000. Chapman Financial Group LLC bought a new position in Stanley Black & Decker in the second quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new stake in shares of Stanley Black & Decker during the third quarter valued at about $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at about $28,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth approximately $31,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 4.7%

Shares of NYSE:SWK opened at $89.56 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $90.82. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.26 and a beta of 1.21. The business has a 50-day moving average price of $77.99 and a 200-day moving average price of $73.83.

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

Analysts Set New Price Targets

SWK has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 target price on shares of Stanley Black & Decker in a research note on Thursday. Robert W. Baird raised their price objective on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. Citigroup upped their target price on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.00.

About Stanley Black & Decker

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.