Pegasus Partners Ltd. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 47.9% in the fourth quarter, HoldingsChannel reports. The firm owned 9,456 shares of the industrial products company’s stock after acquiring an additional 3,063 shares during the quarter. Pegasus Partners Ltd.’s holdings in Stanley Black & Decker were worth $1,605,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in Stanley Black & Decker by 2.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 32,314 shares of the industrial products company’s stock valued at $4,878,000 after purchasing an additional 915 shares during the period. Honeywell International Inc. boosted its stake in Stanley Black & Decker by 86.1% in the 3rd quarter. Honeywell International Inc. now owns 186,100 shares of the industrial products company’s stock valued at $28,096,000 after purchasing an additional 86,100 shares during the period. Wesbanco Bank Inc. bought a new stake in Stanley Black & Decker in the 3rd quarter valued at $3,889,000. Perpetual Ltd bought a new stake in Stanley Black & Decker in the 2nd quarter valued at $8,759,000. Finally, Toronto Dominion Bank boosted its stake in Stanley Black & Decker by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 58,090 shares of the industrial products company’s stock valued at $8,769,000 after purchasing an additional 6,273 shares during the period. Hedge funds and other institutional investors own 84.01% of the company’s stock.

SWK has been the subject of several recent research reports. Nomura set a $180.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Co restated an “outperform” rating and issued a $175.00 price target (up from $165.00) on shares of Stanley Black & Decker in a research note on Wednesday, October 18th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Northcoast Research initiated coverage on Stanley Black & Decker in a research note on Friday, October 20th. They issued a “buy” rating and a $193.00 price target for the company. Finally, Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $177.75.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at $157.07 on Wednesday. The firm has a market capitalization of $24,235.70, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.97. The company has a quick ratio of 0.58, a current ratio of 1.05 and a debt-to-equity ratio of 0.34. Stanley Black & Decker, Inc. has a fifty-two week low of $124.85 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Stanley Black & Decker had a return on equity of 15.48% and a net margin of 9.62%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS. equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.43 earnings per share for the current fiscal year.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 5,737 shares of Stanley Black & Decker stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total value of $970,700.40. Following the completion of the transaction, the executive vice president now directly owns 57,480 shares of the company’s stock, valued at approximately $9,725,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is owned by insiders.

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About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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