Livingston Group Asset Management CO operating as Southport Capital Management lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,116 shares of the industrial products company’s stock after selling 174 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Stanley Black & Decker were worth $253,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pennsylvania Trust Co raised its holdings in shares of Stanley Black & Decker by 6.1% in the 3rd quarter. Pennsylvania Trust Co now owns 100,609 shares of the industrial products company’s stock valued at $14,734,000 after acquiring an additional 5,765 shares in the last quarter. North Fourth Asset Management LP purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $1,464,000. Toth Financial Advisory Corp purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $264,000. Cornerstone Wealth Management LLC raised its holdings in shares of Stanley Black & Decker by 1,196.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after buying an additional 613,177 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC raised its holdings in shares of Stanley Black & Decker by 6.0% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock valued at $1,166,000 after buying an additional 450 shares in the last quarter. 86.31% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Michael David Hankin bought 907 shares of the company’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $112.93 per share, with a total value of $102,427.51. Following the completion of the acquisition, the director now owns 2,157 shares of the company’s stock, valued at approximately $243,590.01. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jaime A. Ramirez sold 8,251 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the sale, the senior vice president now directly owns 36,566 shares in the company, valued at $4,069,430.14. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

A number of equities analysts have commented on SWK shares. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Robert W. Baird set a $154.00 price objective on Stanley Black & Decker and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Credit Suisse Group set a $160.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Finally, Gabelli upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Monday, October 22nd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $162.72.

Shares of NYSE SWK traded up $4.20 during mid-day trading on Friday, hitting $136.86. 1,288,441 shares of the stock traded hands, compared to its average volume of 1,224,953. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. Stanley Black & Decker, Inc. has a 52 week low of $106.41 and a 52 week high of $176.62. The firm has a market capitalization of $19.58 billion, a PE ratio of 18.37, a P/E/G ratio of 1.54 and a beta of 1.30.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a return on equity of 16.71% and a net margin of 7.22%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.59 billion. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Livingston Group Asset Management CO operating as Southport Capital Management Has $253,000 Holdings in Stanley Black & Decker, Inc. (SWK)” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.dailypolitical.com/2019/01/18/livingston-group-asset-management-co-operating-as-southport-capital-management-has-253000-holdings-in-stanley-black-decker-inc-swk.html.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

See Also: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.