Eagle Ridge Investment Management Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Eagle Ridge Investment Management increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,604 shares of the industrial products company’s stock after buying an additional 298 shares during the period. Eagle Ridge Investment Management’s holdings in Stanley Black & Decker were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $36,000. Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $49,000. R Squared Ltd acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $54,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of analyst reports. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.11.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $86.00 on Friday. The company’s fifty day moving average is $84.04 and its two-hundred day moving average is $93.52. 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, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current fiscal year.

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.