Focus Partners Advisor Solutions LLC has significantly reduced its holdings in Stanley Black & Decker, Inc. (NYSE: SWK) by **42.4%** during the second quarter of 2023. According to HoldingsChannel.com, the firm now owns **5,113 shares** after selling **3,771 shares** in the period, leaving their total investment valued at approximately **$346,000**.
This adjustment is part of a broader trend among hedge funds and institutional investors regarding their positions in Stanley Black & Decker. Notable changes include **Golden State Wealth Management LLC**, which increased its stake by an impressive **1,138.5%** during the first quarter, acquiring an additional **296 shares** to reach a total of **322 shares** valued at **$25,000**.
Other significant moves include **Princeton Global Asset Management LLC**, which entered a new position in Stanley Black & Decker valued at about **$25,000**, and **TD Private Client Wealth LLC**, which boosted its position by **830.4%**, owning **428 shares** worth **$33,000** after acquiring **382 shares**. Additionally, **Garde Capital Inc.** increased its holdings by **160.5%** in the second quarter, obtaining **521 shares** valued at **$35,000**.
Institutional investors and hedge funds now account for **87.77%** of Stanley Black & Decker’s stock ownership, highlighting a significant concentration of investment in the company.
Current Performance and Market Outlook
As of the latest trading session, shares of Stanley Black & Decker opened at **$68.55**. The company has experienced a fifty-day moving average price of **$73.44** and a two-hundred-day moving average price of **$69.41**. Over the past year, the stock has fluctuated, reaching a low of **$53.91** and a high of **$96.75**. Financial metrics reveal a current ratio of **1.04**, a quick ratio of **0.34**, and a debt-to-equity ratio of **0.52**, with a market capitalization of **$10.61 billion**. The company’s price-to-earnings ratio stands at **21.76**, while the price/earnings to growth ratio is **1.46**.
Analysts have recently provided updated price targets for Stanley Black & Decker. **Wells Fargo & Company** raised its target from **$75.00** to **$80.00** with an “equal weight” rating, while **Goldman Sachs Group** reiterated a “neutral” rating, also setting a target price of **$80.00**. **Robert W. Baird** increased its target from **$65.00** to **$78.00**, maintaining a “neutral” rating. Meanwhile, **Jefferies Financial Group** assigned a target of **$86.00** with a “buy” rating, and **Morgan Stanley** confirmed a “positive” rating with a target of **$80.00**. Currently, six analysts have rated the stock as a “buy,” five as a “hold,” and one as a “sell.” According to MarketBeat.com, the average rating for Stanley Black & Decker is “hold,” with an average price target of **$88.10**.
Overview of Stanley Black & Decker
Stanley Black & Decker, Inc. specializes in providing power and hand tools, as well as related accessories and services across various sectors, including oil and gas, infrastructure, commercial electronic security, healthcare, and mechanical access solutions. The company operates through its Tools and Outdoor and Industrial segments, positioning itself as a leader in the industrial products market.
For those interested in monitoring hedge fund activity related to Stanley Black & Decker, HoldingsChannel.com offers the latest **13F filings** and insider trades, ensuring investors stay informed about significant changes in ownership and market dynamics.
