Pekin Hardy Strauss Inc. Reduces Holdings in Stanley Black & Decker, Inc. $SWK

Pekin Hardy Strauss Inc. lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,424 shares of the industrial products company’s stock after selling 9,490 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $5,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. CenterBook Partners LP purchased a new stake in Stanley Black & Decker in the third quarter valued at $8,646,000. MJP Associates Inc. ADV purchased a new stake in Stanley Black & Decker in the 3rd quarter valued at about $205,000. Crestwood Advisors Group LLC lifted its position in Stanley Black & Decker by 2.3% in the third quarter. Crestwood Advisors Group LLC now owns 7,107 shares of the industrial products company’s stock valued at $528,000 after buying an additional 161 shares during the last quarter. NEOS Investment Management LLC boosted its stake in Stanley Black & Decker by 56.4% during the third quarter. NEOS Investment Management LLC now owns 14,260 shares of the industrial products company’s stock worth $1,060,000 after buying an additional 5,145 shares during the period. Finally, Rothschild Investment LLC increased its position in shares of Stanley Black & Decker by 202.3% during the third quarter. Rothschild Investment LLC now owns 4,404 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 2,947 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Wells Fargo & Company upped their price target on 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $84.00 price objective on shares of Stanley Black & Decker in a research note on Thursday, February 5th. Finally, Argus upgraded Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.00.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $89.73 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.37. The company has a fifty day simple moving average of $81.17 and a two-hundred day simple moving average of $75.04. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.90 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $1.49 earnings per share. The company’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, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

About Stanley Black & Decker

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.