Edgestream Partners L.P. Invests $2.21 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Edgestream Partners L.P. acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,553 shares of the industrial products company's stock, valued at approximately $2,212,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. boosted its holdings in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after buying an additional 199 shares during the period. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $44,000. Finally, Crews Bank & Trust bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $49,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWK. Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays cut their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Mizuho raised shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $103.00.

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Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $89.07 on Monday. The firm's fifty day moving average price is $85.27 and its 200-day moving average price is $92.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market cap of $13.75 billion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Tuesday, March 4th. 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 Storage segment, and Industrial segment.

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