Stanley Black & Decker, Inc. (SWK) Shares Bought by Carnick & Kubik Group LLC

Carnick & Kubik Group LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 970.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,852 shares of the industrial products company’s stock after acquiring an additional 30,689 shares during the quarter. Stanley Black & Decker accounts for approximately 1.1% of Carnick & Kubik Group LLC’s investment portfolio, making the stock its 25th largest position. Carnick & Kubik Group LLC’s holdings in Stanley Black & Decker were worth $5,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Stanley Black & Decker by 589.2% in the third quarter. Janus Henderson Group PLC now owns 634,640 shares of the industrial products company’s stock valued at $95,812,000 after buying an additional 542,555 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Stanley Black & Decker by 45.2% in the third quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock valued at $162,703,000 after buying an additional 335,500 shares during the period. Cornerstone Investment Partners LLC increased its stake in shares of Stanley Black & Decker by 81.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 579,924 shares of the industrial products company’s stock valued at $98,407,000 after buying an additional 260,319 shares during the period. Davidson Kempner Capital Management LP acquired a new position in shares of Stanley Black & Decker in the third quarter valued at approximately $33,968,000. Finally, Vaughan David Investments Inc. IL increased its stake in shares of Stanley Black & Decker by 9,320.2% in the third quarter. Vaughan David Investments Inc. IL now owns 219,867 shares of the industrial products company’s stock valued at $19,931,000 after buying an additional 217,533 shares during the period. 84.01% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on SWK shares. Gabelli reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Monday, January 29th. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. FBR & Co upped their price objective on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and a consensus target price of $177.75.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 5,737 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total transaction of $970,700.40. Following the transaction, the executive vice president now directly owns 57,480 shares in the company, valued at approximately $9,725,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.15% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (SWK) opened at $158.04 on Tuesday. Stanley Black & Decker, Inc. has a twelve month low of $123.07 and a twelve month high of $176.62. The company has a market capitalization of $24,240.00, a P/E ratio of 19.63, a P/E/G ratio of 1.80 and a beta of 0.97. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a return on equity of 15.48% and a net margin of 9.62%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. equities analysts predict that Stanley Black & Decker, Inc. will post 8.43 EPS for the current fiscal year.

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About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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