Raymond James Financial Inc. Acquires New Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Raymond James Financial Inc. acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 194,379 shares of the industrial products company's stock, valued at approximately $15,607,000. Raymond James Financial Inc. owned approximately 0.13% of Stanley Black & Decker as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. raised its holdings in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. grew its stake in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after buying an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter worth $44,000. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

SWK has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Barclays dropped their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Finally, Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of "Hold" and an average target price of $102.20.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.27 during trading on Friday, reaching $61.65. 1,994,812 shares of the company traded hands, compared to its average volume of 1,776,808. The firm has a market capitalization of $9.53 billion, a PE ratio of 31.78, a PEG ratio of 1.33 and a beta of 1.14. The company's 50 day moving average is $73.95 and its two-hundred day moving average is $83.71. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.32%. Stanley Black & Decker's payout ratio is presently 169.07%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.