Fort Washington Investment Advisors Inc. OH Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Fort Washington Investment Advisors Inc. OH boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,594,895 shares of the industrial products company’s stock after purchasing an additional 109,100 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.03% of Stanley Black & Decker worth $128,054,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth $36,000. EverSource Wealth Advisors LLC grew its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $59,000. Finally, Armstrong Advisory Group Inc. purchased a new position in Stanley Black & Decker during the third quarter valued at $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 2.8 %

Shares of NYSE SWK opened at $86.63 on Wednesday. The firm’s fifty day moving average is $84.02 and its two-hundred day moving average is $93.39. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird dropped their price target on shares of 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. 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 research report on Thursday, December 19th. Finally, Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $101.25.

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.