ProShare Advisors LLC Has $104.31 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

ProShare Advisors LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,386,934 shares of the industrial products company’s stock after purchasing an additional 185,827 shares during the period. ProShare Advisors LLC’s holdings in Stanley Black & Decker were worth $104,310,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Empirical Finance LLC lifted its position in shares of Stanley Black & Decker by 18.1% during the third quarter. Empirical Finance LLC now owns 3,820 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 586 shares in the last quarter. Glenview Trust Co lifted its position in shares of Stanley Black & Decker by 27.4% during the third quarter. Glenview Trust Co now owns 21,299 shares of the industrial products company’s stock worth $1,602,000 after purchasing an additional 4,582 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Stanley Black & Decker by 4.0% in the third quarter. Yousif Capital Management LLC now owns 69,113 shares of the industrial products company’s stock valued at $5,198,000 after buying an additional 2,630 shares during the period. Independent Advisor Alliance lifted its holdings in Stanley Black & Decker by 31.5% in the third quarter. Independent Advisor Alliance now owns 11,429 shares of the industrial products company’s stock valued at $860,000 after buying an additional 2,741 shares during the period. Finally, Transatlantique Private Wealth LLC lifted its holdings in Stanley Black & Decker by 10.3% in the third quarter. Transatlantique Private Wealth LLC now owns 8,630 shares of the industrial products company’s stock valued at $649,000 after buying an additional 805 shares during the period. 88.01% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 0.8 %

SWK traded down $0.67 during trading hours on Wednesday, hitting $86.96. 55,334 shares of the company’s stock were exchanged, compared to its average volume of 1,786,096. Stanley Black & Decker, Inc. has a 1-year low of $70.24 and a 1-year high of $180.93. The stock’s 50-day moving average is $80.37 and its two-hundred day moving average is $85.86. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 2.35 and a beta of 1.24. The company has a quick ratio of 0.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Stanley Black & Decker had a net margin of 8.44% and a return on equity of 11.77%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.77 earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Stanley Black & Decker from $111.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, October 13th. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $83.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Credit Suisse Group lowered shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $79.00 in a report on Friday, October 14th. Morgan Stanley lowered their target price on shares of Stanley Black & Decker from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, January 6th. Finally, Robert W. Baird downgraded shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $80.00 in a research note on Friday, October 28th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $93.25.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, CFO Corbin Walburger sold 5,248 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $80.80, for a total value of $424,038.40. Following the completion of the sale, the chief financial officer now owns 17,993 shares in the company, valued at $1,453,834.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Stanley Black & Decker Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Further Reading

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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