Focus Partners Advisor Solutions LLC has significantly reduced its stake in Stanley Black & Decker, Inc. (NYSE: SWK) by **42.4%** during the second quarter of 2023. According to HoldingsChannel.com, the investment firm ended the quarter with **5,113 shares** after selling **3,771 shares**. The value of Focus Partners’ holdings in the industrial products company stood at approximately **$346,000** at the end of June.
Several other institutional investors have also adjusted their positions in Stanley Black & Decker. For instance, Golden State Wealth Management LLC increased its stake by an impressive **1,138.5%** during the first quarter, acquiring **322 shares** for a total value of **$25,000** after adding **296 shares**. Similarly, Princeton Global Asset Management LLC entered the market with a new position in Stanley Black & Decker, valued at around **$25,000** during the second quarter.
TD Private Client Wealth LLC also made notable moves, boosting its position by **830.4%** in the first quarter, which brought its total to **428 shares** valued at **$33,000** after purchasing **382 shares**. Garde Capital Inc. followed suit, increasing its holdings by **160.5%** in the second quarter, resulting in **521 shares** valued at **$35,000**.
Institutional investors and hedge funds collectively own **87.77%** of Stanley Black & Decker’s stock.
Stock Performance and Analyst Ratings
On October 6, 2023, shares of Stanley Black & Decker opened at **$68.55**. The company’s stock has fluctuated between a **12-month low** of **$53.91** and a **high** of **$96.75**. Currently, it has a **market capitalization** of **$10.61 billion**, a **P/E ratio** of **21.76**, and a **debt-to-equity ratio** of **0.52**. The firm has a fifty-day moving average price of **$73.44** and a **200-day moving average price** of **$69.41**.
Recent research reports from various analysts indicate a mixed outlook for Stanley Black & Decker. Wells Fargo & Company raised its price target from **$75.00** to **$80.00**, maintaining an “equal weight” rating. The Goldman Sachs Group reaffirmed a “neutral” rating while also setting a price target of **$80.00**. Robert W. Baird increased its target from **$65.00** to **$78.00**, and Jefferies Financial Group issued a more optimistic price target of **$86.00**, assigning a “buy” rating.
In total, six investment analysts have given the stock a “buy” rating, while five have assigned it a “hold” rating and one has issued a “sell” rating. According to MarketBeat.com, Stanley Black & Decker currently holds an average rating of “hold” and an average price target of **$88.10**.
Company Overview
Stanley Black & Decker, Inc. specializes in providing a range of power and hand tools, along with related accessories and services. The company operates across various sectors, including oil and gas, infrastructure, commercial electronic security, healthcare solutions, and mechanical access solutions. Its operations are divided into two main segments: Tools and Outdoor, and Industrial.
For further insights into the latest developments regarding Stanley Black & Decker and other hedge fund activities, readers can explore the latest reports available on HoldingsChannel.com.
