Raymond James Financial Inc. Buys New Shares in Stanley Black & Decker, Inc. (NYSE:SWK)

Raymond James Financial Inc. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 194,379 shares of the industrial products company's stock, valued at approximately $15,607,000. Raymond James Financial Inc. owned 0.13% of Stanley Black & Decker as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $36,000. Cape Investment Advisory Inc. grew its position in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 237 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 199 shares during the period. Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at 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.

Stanley Black & Decker Price Performance

NYSE SWK traded down $1.12 on Friday, hitting $79.40. The stock had a trading volume of 2,491,040 shares, compared to its average volume of 1,532,475. The firm has a 50-day moving average of $85.43 and a 200-day moving average of $90.87. 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 company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

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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%. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Analyst Upgrades and Downgrades

SWK has been the subject of several analyst reports. 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. Mizuho raised shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective for the company. UBS Group cut 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 report on Friday, February 7th. Finally, Wells Fargo & Company cut 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Stanley Black & Decker has an average rating of "Hold" and a consensus price target 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.