Guardian Wealth Advisors LLC Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Guardian Wealth Advisors LLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,280 shares of the industrial products company’s stock after selling 238 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% during the 3rd 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 last quarter. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter valued at approximately $59,000. Crews Bank & Trust purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $49,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in shares of Stanley Black & Decker during the third quarter worth about $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $86.00 on Friday. 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, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The firm has a 50-day moving average price of $84.04 and a 200 day moving average price of $93.52.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SWK has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Citigroup decreased their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $103.11.

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.