Stoneridge Investment Partners LLC Invests $1.68 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Stoneridge Investment Partners LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,877 shares of the industrial products company’s stock, valued at approximately $1,676,000.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC raised its position in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker in the 4th quarter worth about $36,000. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the 3rd quarter worth about $59,000. Crews Bank & Trust purchased a new position in Stanley Black & Decker in the 4th quarter worth about $49,000. Finally, Armstrong Advisory Group Inc. purchased a new position in Stanley Black & Decker in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 0.8 %

Shares of NYSE:SWK opened at $86.56 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a market cap of $13.34 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The stock has a 50 day moving average of $83.91 and a 200 day moving average of $93.46.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SWK shares. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. UBS Group cut their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.