Icon Advisers Inc. Co. Buys Shares of 7,400 Stanley Black & Decker, Inc. (SWK)

Icon Advisers Inc. Co. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, HoldingsChannel.com reports. The fund bought 7,400 shares of the industrial products company’s stock, valued at approximately $886,000.

A number of other large investors have also bought and sold shares of SWK. M&T Bank Corp boosted its stake in shares of Stanley Black & Decker by 1.0% during the 4th quarter. M&T Bank Corp now owns 46,418 shares of the industrial products company’s stock worth $5,558,000 after purchasing an additional 456 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Stanley Black & Decker by 9.3% during the 4th quarter. LS Investment Advisors LLC now owns 30,739 shares of the industrial products company’s stock worth $3,681,000 after purchasing an additional 2,623 shares during the last quarter. Robecosam AG boosted its stake in shares of Stanley Black & Decker by 9.4% during the 4th quarter. Robecosam AG now owns 47,188 shares of the industrial products company’s stock worth $5,607,000 after purchasing an additional 4,037 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Stanley Black & Decker by 5.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,485 shares of the industrial products company’s stock worth $4,489,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Essex Savings Bank acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $185,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Several research firms have issued reports on SWK. Credit Suisse Group set a $155.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, January 11th. Robert W. Baird raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Monday, December 3rd. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Buckingham Research set a $133.00 price target on shares of Stanley Black & Decker and gave the stock a “hold” rating in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $156.53.

SWK opened at $126.82 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.16. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $164.94. The company has a market capitalization of $19.16 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.57 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.01. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.29%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.56 EPS for the current year.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total transaction of $71,214.00. Following the transaction, the senior vice president now directly owns 35,048 shares of the company’s stock, valued at $4,159,847.12. The sale was disclosed in a filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Icon Advisers Inc. Co. Buys Shares of 7,400 Stanley Black & Decker, Inc. (SWK)” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2019/02/09/icon-advisers-inc-co-buys-shares-of-7400-stanley-black-decker-inc-swk.html.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Recommended Story: What is the Stochastic Momentum Index (SMI)?

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply