Gilman Hill Asset Management LLC Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Gilman Hill Asset Management LLC boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,543 shares of the industrial products company's stock after buying an additional 23,740 shares during the quarter. Stanley Black & Decker makes up about 1.5% of Gilman Hill Asset Management LLC's holdings, making the stock its 16th largest position. Gilman Hill Asset Management LLC owned about 0.07% of Stanley Black & Decker worth $8,715,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SWK. Clean Energy Transition LLP increased its holdings in 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 acquiring an additional 652,780 shares during the last quarter. State Street Corp boosted 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 worth $998,107,000 after purchasing an additional 549,531 shares during the period. International Assets Investment Management LLC increased its stake in shares of Stanley Black & Decker by 14,394.0% in the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company's stock worth $43,353,000 after purchasing an additional 390,941 shares in the last quarter. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock valued at $101,663,000 after purchasing an additional 267,723 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after buying an additional 267,013 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SWK shares. The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley reduced their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $101.25.

Stanley Black & Decker Price Performance

SWK stock traded up $0.37 during midday trading on Monday, reaching $84.34. The company had a trading volume of 1,510,697 shares, compared to its average volume of 1,258,424. The firm has a 50-day moving average price of $84.14 and a 200-day moving average price of $93.36. The company has a market capitalization of $13.00 billion, a P/E ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm's revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker's payout ratio is presently -239.42%.

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 Storage segment, and Industrial segment.