ProShare Advisors LLC Cuts Stock Holdings in Stanley Black & Decker, Inc. $SWK

ProShare Advisors LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,348,957 shares of the industrial products company’s stock after selling 374,374 shares during the quarter. ProShare Advisors LLC’s holdings in Stanley Black & Decker were worth $174,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth about $25,000. Chapman Financial Group LLC acquired a new position in Stanley Black & Decker in the 2nd quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the third quarter valued at approximately $30,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $28,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 4.7%

SWK stock opened at $89.56 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $77.99 and a two-hundred day moving average of $73.83. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $90.82. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.26 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.14. Stanley Black & Decker had a return on equity of 7.90% and a net margin of 2.66%.The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the firm posted $1.49 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $84.00 price target on shares of Stanley Black & Decker in a research note on Thursday. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 21st. Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a research note on Monday, December 22nd. Finally, Citigroup increased their target price on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.00.

Stanley Black & Decker Company 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.