Yousif Capital Management LLC Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Yousif Capital Management LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,329 shares of the industrial products company’s stock after selling 13,094 shares during the period. Yousif Capital Management LLC’s holdings in Stanley Black & Decker were worth $6,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Clean Energy Transition LLP raised its holdings in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after acquiring an additional 652,780 shares during the period. State Street Corp raised its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the period. International Assets Investment Management LLC lifted its holdings in Stanley Black & Decker by 14,394.0% during the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after purchasing an additional 390,941 shares in the last quarter. FMR LLC grew its holdings in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Stanley Black & Decker by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after buying an additional 235,106 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SWK shares. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Citigroup decreased their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $103.11.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $86.00 on Friday. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of -62.77, a PEG ratio of 1.90 and a beta of 1.24. The business has a 50 day moving average of $84.04 and a 200 day moving average of $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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts predict 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.