Miller Financial Services LLC Takes $333,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Miller Financial Services LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,143 shares of the industrial products company's stock, valued at approximately $333,000.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp grew its position in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after buying an additional 549,531 shares during the period. Geode Capital Management LLC boosted its holdings in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after acquiring an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Stanley Black & Decker by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company's stock valued at $326,960,000 after buying an additional 235,106 shares in the last quarter. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after purchasing an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock valued at $128,054,000 after acquiring an additional 109,100 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Remove Ads

Stanley Black & Decker Trading Up 2.1 %

SWK stock traded up $1.67 during trading on Friday, reaching $81.07. 1,146,937 shares of the stock traded hands, compared to its average volume of 1,537,343. The business's 50 day moving average price is $85.47 and its 200-day moving average price is $91.71. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market capitalization of $12.52 billion, a PE ratio of 41.79, a P/E/G ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. UBS Group decreased their target price on 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. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and an average target price of $103.00.

Stanley Black & Decker 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.