UMB Bank n.a. Sells 959 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

UMB Bank n.a. lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,159 shares of the industrial products company’s stock after selling 959 shares during the quarter. UMB Bank n.a.’s holdings in Stanley Black & Decker were worth $93,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC grew its stake in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Waldron Private Wealth LLC bought a new position in Stanley Black & Decker during the third quarter worth $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker in the third quarter worth $72,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock 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 research report on Tuesday, November 5th. Finally, Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $88.60 on Friday. The company has a fifty day moving average price of $84.01 and a 200-day moving average price of $93.39. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of -64.67, a PEG ratio of 1.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.14 EPS for the current fiscal year.

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.