DE Burlo Group Inc. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 226.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,000 shares of the industrial products company’s stock after purchasing an additional 51,300 shares during the quarter. Stanley Black & Decker comprises 2.5% of DE Burlo Group Inc.’s portfolio, making the stock its 14th biggest holding. DE Burlo Group Inc.’s holdings in Stanley Black & Decker were worth $12,265,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of SWK. Envestnet Asset Management Inc. grew its position in Stanley Black & Decker by 75.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 37,360 shares of the industrial products company’s stock worth $5,395,000 after purchasing an additional 16,069 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Stanley Black & Decker by 5.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,041,248 shares of the industrial products company’s stock valued at $150,367,000 after buying an additional 50,448 shares in the last quarter. Haverford Financial Services Inc. acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $433,000. Andra AP fonden lifted its holdings in shares of Stanley Black & Decker by 16.7% during the 3rd quarter. Andra AP fonden now owns 29,400 shares of the industrial products company’s stock worth $4,246,000 after acquiring an additional 4,200 shares during the period. Finally, National Pension Service lifted its holdings in shares of Stanley Black & Decker by 5.5% during the 3rd quarter. National Pension Service now owns 197,074 shares of the industrial products company’s stock worth $28,459,000 after acquiring an additional 10,221 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.
Shares of NYSE SWK traded down $0.18 during mid-day trading on Friday, hitting $167.70. 4,877 shares of the stock were exchanged, compared to its average volume of 1,208,960. Stanley Black & Decker, Inc. has a twelve month low of $126.37 and a twelve month high of $173.67. The stock’s fifty day simple moving average is $166.25 and its two-hundred day simple moving average is $152.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.01. The company has a market cap of $25.00 billion, a P/E ratio of 26.47, a PEG ratio of 2.08 and a beta of 1.43.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.16 by $0.02. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.79 billion. Stanley Black & Decker had a return on equity of 16.15% and a net margin of 6.62%. Stanley Black & Decker’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 8.93 earnings per share for the current fiscal year.
Stanley Black & Decker announced that its board has approved a stock buyback plan on Thursday, October 24th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts recently weighed in on the stock. Zelman & Associates cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Buckingham Research upped their price objective on Stanley Black & Decker from $157.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley increased their target price on Stanley Black & Decker from $171.00 to $179.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays downgraded Stanley Black & Decker to an “overweight” rating and raised their target price for the stock from $161.00 to $175.00 in a research report on Thursday, December 5th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 price target on shares of Stanley Black & Decker in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $169.47.
In other Stanley Black & Decker news, CAO Jocelyn Belisle sold 206 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.72, for a total value of $32,696.32. Following the completion of the sale, the chief accounting officer now owns 12,329 shares in the company, valued at approximately $1,956,858.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jaime A. Ramirez sold 16,108 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $158.93, for a total transaction of $2,560,044.44. Following the completion of the sale, the senior vice president now owns 50,856 shares of the company’s stock, valued at approximately $8,082,544.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,647 shares of company stock valued at $2,803,661. Corporate insiders own 1.03% of the company’s stock.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
Featured Story: What sectors are represented in the Nikkei Index?
Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.