Federated Hermes Inc. Cuts Stock Position in Stanley Black & Decker, Inc. $SWK

Federated Hermes Inc. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,610 shares of the industrial products company’s stock after selling 13,667 shares during the period. Federated Hermes Inc.’s holdings in Stanley Black & Decker were worth $5,546,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new stake in Stanley Black & Decker in the second quarter worth about $25,000. Chapman Financial Group LLC bought a new stake in shares of Stanley Black & Decker in the second quarter valued at $26,000. CYBER HORNET ETFs LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth $28,000. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker during the third quarter valued at about $30,000. Finally, MUFG Securities EMEA plc bought a new position in Stanley Black & Decker during the second quarter worth about $31,000. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, January 21st. UBS Group cut their target price on Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Morgan Stanley set a $88.00 price target on shares of Stanley Black & Decker in a report on Monday, December 22nd. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.33.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $79.21 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $90.75. The company has a fifty day moving average of $76.90 and a 200-day moving average of $73.45. The company has a market capitalization of $12.27 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.24. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.