Harbor Capital Advisors Inc. Buys Shares of 17,257 Stanley Black & Decker, Inc. (NYSE:SWK)

Harbor Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,257 shares of the industrial products company's stock, valued at approximately $1,386,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWK. Rise Advisors LLC lifted its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after acquiring an additional 237 shares during the period. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker in the 3rd quarter valued at $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker during the 3rd quarter valued at $72,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 1.9 %

NYSE SWK opened at $80.04 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.34 billion, a price-to-earnings ratio of -58.42, a PEG ratio of 2.24 and a beta of 1.24. The company has a 50 day moving average of $85.15 and a 200-day moving average of $93.25. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company posted $1.05 EPS. The company's revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's payout ratio is presently -239.42%.

Wall Street Analyst Weigh In

SWK has been the topic of several research reports. Wells Fargo & Company decreased their price objective 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. The Goldman Sachs Group upped their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, Mizuho raised 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $101.25.

About Stanley Black & Decker

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.