Mirae Asset Global Investments Co. Ltd. Raises Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Mirae Asset Global Investments Co. Ltd. increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 23,072 shares of the industrial products company’s stock after purchasing an additional 5,372 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Stanley Black & Decker were worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in shares of Stanley Black & Decker by 18.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,040 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 926 shares during the period. Old North State Wealth Management LLC purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $2,883,000. Mather Group LLC. boosted its holdings in shares of Stanley Black & Decker by 11.1% in the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 151 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Stanley Black & Decker by 19.7% in the fourth quarter. Brown Lisle Cummings Inc. now owns 11,034 shares of the industrial products company’s stock worth $886,000 after acquiring an additional 1,818 shares during the period. Finally, Golden State Equity Partners raised its holdings in shares of Stanley Black & Decker by 5,958.0% during the fourth quarter. Golden State Equity Partners now owns 4,180 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 4,111 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK stock opened at $85.81 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The business has a fifty day moving average of $83.91 and a two-hundred day moving average of $93.55. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SWK shares. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. Citigroup lowered their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $103.00.

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.