Welch & Forbes LLC Has $31.85 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Welch & Forbes LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,155 shares of the industrial products company’s stock after purchasing an additional 1,944 shares during the period. Welch & Forbes LLC owned 0.13% of Stanley Black & Decker worth $31,848,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SWK. Biltmore Wealth Management LLC raised its stake in Stanley Black & Decker by 5.6% during the fourth quarter. Biltmore Wealth Management LLC now owns 2,490 shares of the industrial products company’s stock worth $413,000 after buying an additional 131 shares during the last quarter. Cerebellum GP LLC increased its stake in Stanley Black & Decker by 15.0% in the fourth quarter. Cerebellum GP LLC now owns 3,473 shares of the industrial products company’s stock valued at $576,000 after purchasing an additional 453 shares in the last quarter. AE Wealth Management LLC increased its stake in Stanley Black & Decker by 10.2% in the fourth quarter. AE Wealth Management LLC now owns 1,813 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 168 shares in the last quarter. Newman Dignan & Sheerar Inc. bought a new stake in Stanley Black & Decker in the fourth quarter valued at $688,981,000. Finally, Legacy Private Trust Co. increased its stake in Stanley Black & Decker by 21.5% in the fourth quarter. Legacy Private Trust Co. now owns 24,470 shares of the industrial products company’s stock valued at $4,056,000 after purchasing an additional 4,331 shares in the last quarter. Institutional investors own 84.25% of the company’s stock.

Stanley Black & Decker stock traded up $0.54 during midday trading on Friday, hitting $171.04. 18,157 shares of the stock were exchanged, compared to its average volume of 1,340,094. Stanley Black & Decker, Inc. has a 52-week low of $115.02 and a 52-week high of $170.84. The stock has a market capitalization of $25.40 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. The business’s 50-day moving average price is $163.52 and its 200-day moving average price is $149.67. The company has a quick ratio of 0.47, a current ratio of 0.98 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.10. Stanley Black & Decker had a net margin of 4.80% and a return on equity of 17.10%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the company earned $2.08 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current fiscal year.

Stanley Black & Decker declared that its Board of Directors has initiated a stock buyback program on Thursday, October 24th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have weighed in on SWK shares. Wolfe Research set a $160.00 price target on shares of Stanley Black & Decker and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America raised shares of Stanley Black & Decker from an “underperform” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Thursday, November 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating and set a $154.00 price target for the company. in a research note on Monday, October 14th. Zelman & Associates downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Deutsche Bank lifted their price objective on shares of Stanley Black & Decker from $166.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $165.94.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 1,333 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $158.23, for a total value of $210,920.59. Following the completion of the transaction, the executive vice president now directly owns 20,630 shares in the company, valued at approximately $3,264,284.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jocelyn Belisle sold 206 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $158.72, for a total transaction of $32,696.32. Following the completion of the transaction, the chief accounting officer now owns 12,329 shares of the company’s stock, valued at $1,956,858.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,720 shares of company stock worth $9,846,273. 1.03% of the stock is owned by corporate insiders.

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.

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

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