IMS Capital Management Buys New Shares in Stanley Black & Decker, Inc. (NYSE:SWK)

IMS Capital Management acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,934 shares of the industrial products company's stock, valued at approximately $316,000.

Several other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Stanley Black & Decker by 256.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,622 shares of the industrial products company's stock valued at $509,000 after purchasing an additional 3,327 shares during the last quarter. Procyon Advisors LLC bought a new position in Stanley Black & Decker in the third quarter valued at approximately $255,000. Creative Planning grew its holdings in Stanley Black & Decker by 43.9% during the 3rd quarter. Creative Planning now owns 36,343 shares of the industrial products company's stock worth $4,002,000 after acquiring an additional 11,085 shares during the period. Swedbank AB lifted its stake in shares of Stanley Black & Decker by 3.0% in the 3rd quarter. Swedbank AB now owns 110,147 shares of the industrial products company's stock valued at $12,130,000 after purchasing an additional 3,236 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the 3rd quarter worth $312,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 0.1 %

NYSE SWK traded down $0.08 on Tuesday, reaching $87.02. The company had a trading volume of 993,341 shares, compared to its average volume of 1,864,804. The company's fifty day moving average is $83.93 and its 200-day moving average is $93.02. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The firm has a market capitalization of $13.42 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders 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 dividend yield of 3.77%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Barclays dropped their price objective on 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. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. 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 for the company in a report on Tuesday, January 7th. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, UBS Group lowered their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $103.00.

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.