Assenagon Asset Management S.A. Invests $5.14 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Assenagon Asset Management S.A. bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, Holdings Channel reports. The firm bought 64,057 shares of the industrial products company’s stock, valued at approximately $5,143,000.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Stanley Black & Decker by 12.2% during the second quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 1,416 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Stanley Black & Decker by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 82,613 shares of the industrial products company’s stock valued at $6,600,000 after acquiring an additional 8,298 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Stanley Black & Decker by 24.6% during the second quarter. Amalgamated Bank now owns 39,942 shares of the industrial products company’s stock worth $3,191,000 after purchasing an additional 7,883 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Stanley Black & Decker during the second quarter worth about $382,000. Finally, Canada Pension Plan Investment Board increased its position in Stanley Black & Decker by 1,051.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 32,232 shares of the industrial products company’s stock valued at $2,575,000 after purchasing an additional 29,432 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $84.34 on Tuesday. The stock has a 50-day moving average price of $84.14 and a 200-day moving average price of $93.36. The company has a market cap of $13.00 billion, a PE ratio of -61.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month 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 announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

SWK has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird lowered their price target on 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. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays decreased their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Company 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.