Sumitomo Mitsui Trust Group Inc. Purchases 1,511 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sumitomo Mitsui Trust Group Inc. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,488 shares of the industrial products company’s stock after acquiring an additional 1,511 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Stanley Black & Decker were worth $31,111,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. State Street Corp raised its position in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after buying an additional 390,941 shares during the last quarter. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after buying an additional 235,106 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $87.34 on Wednesday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market cap of $13.46 billion, a PE ratio of 45.02, a PEG ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The firm’s 50 day moving average price is $83.85 and its two-hundred day moving average price is $93.53.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.09 EPS for the current year.

Wall Street Analyst Weigh In

SWK has been the subject of several recent research reports. 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. Barclays dropped their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Thursday, December 19th. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.