Proficio Capital Partners LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Proficio Capital Partners LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,759 shares of the industrial products company's stock, valued at approximately $1,747,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp grew its holdings in shares of 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.0% during 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 buying an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Stanley Black & Decker by 8.6% during the third 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 during the last quarter. Clean Energy Transition LLP grew its holdings in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Stanley Black & Decker by 7.3% during the fourth 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 buying an additional 109,100 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently issued reports on SWK. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. 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. 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 on the stock. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

SWK traded up $3.96 during trading on Friday, hitting $89.07. The company's stock had a trading volume of 2,539,344 shares, compared to its average volume of 1,842,706. 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, Inc. has a one year low of $77.70 and a one year high of $110.88. The firm has a market cap of $13.75 billion, a PE ratio of 45.91, a P/E/G ratio of 1.33 and a beta of 1.25. The business's 50 day simple moving average is $85.27 and its 200-day simple moving average is $92.08.

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 EPS 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%. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company 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 dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 3.68%. Stanley Black & Decker's payout ratio is 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.