PNC Financial Services Group Inc. Purchases 8,763 Shares of Stanley Black & Decker, Inc. $SWK

PNC Financial Services Group Inc. boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 26.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 41,382 shares of the industrial products company’s stock after purchasing an additional 8,763 shares during the period. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $3,076,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its stake in shares of Stanley Black & Decker by 5.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 33,533 shares of the industrial products company’s stock valued at $2,493,000 after purchasing an additional 1,772 shares during the last quarter. Cibc World Market Inc. raised its holdings in Stanley Black & Decker by 154.1% during the third quarter. Cibc World Market Inc. now owns 7,617 shares of the industrial products company’s stock valued at $566,000 after buying an additional 4,619 shares in the last quarter. ING Groep NV acquired a new stake in shares of Stanley Black & Decker in the third quarter worth about $3,977,000. Advisors Asset Management Inc. boosted its stake in shares of Stanley Black & Decker by 84.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 53,405 shares of the industrial products company’s stock worth $3,970,000 after acquiring an additional 24,450 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Stanley Black & Decker by 11.0% during the 3rd quarter. Wealthfront Advisers LLC now owns 4,113 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 406 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Stanley Black & Decker in a report on Thursday, February 5th. Argus upgraded shares of Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Morgan Stanley set a $88.00 target price on shares of Stanley Black & Decker in a research report on Monday, December 22nd. Finally, Barclays reissued an “overweight” rating and set a $100.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.00.

Stanley Black & Decker Stock Up 2.6%

Shares of SWK stock opened at $91.90 on Friday. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $93.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35. The stock has a fifty day moving average price of $81.49 and a 200 day moving average price of $75.25. The stock has a market cap of $14.23 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results 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. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.78 billion. Stanley Black & Decker had a net margin of 2.66% and a return on equity of 7.90%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Company Profile

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.