Cwm LLC Sells 15,508 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• Cwm LLC has reduced its stake in Stanley Black & Decker by 68.9%, selling 15,508 shares and retaining only 6,991 shares worth approximately $474,000.
• Several large investors, including Golden State Wealth Management and TD Private Client Wealth, have significantly increased their positions in Stanley Black & Decker, indicating a growing interest from institutional investors.
• Stanley Black & Decker reported $2.85 earnings per share for the last quarter with a revenue of $3.72 billion, and the company's stock has received mixed ratings from equities analysts.

Cwm LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 68.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,991 shares of the industrial products company's stock after selling 15,508 shares during the period. Cwm LLC's holdings in Stanley Black & Decker were worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after purchasing an additional 296 shares in the last quarter. 1248 Management LLC acquired a new position in shares of Stanley Black & Decker during the first quarter worth $26,000. TD Private Client Wealth LLC increased its position in shares of Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after purchasing an additional 382 shares in the last quarter. Garde Capital Inc. increased its position in shares of Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock worth $35,000 after purchasing an additional 321 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its position in shares of Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock worth $64,000 after purchasing an additional 705 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $70.19 on Friday. The stock has a 50-day simple moving average of $73.75 and a two-hundred day simple moving average of $69.07. The firm has a market capitalization of $10.86 billion, a P/E ratio of 22.28, a PEG ratio of 1.47 and a beta of 1.19. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $104.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion for the quarter. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SWK shares. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a "buy" rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Stanley Black & Decker in a research report on Friday. Wall Street Zen lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Sunday, October 19th. Finally, Morgan Stanley reissued a "positive" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Six 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 presently has an average rating of "Hold" and an average target price of $88.10.

Stanley Black & Decker Company Profile

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 Outdoor and Industrial segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.