Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,199 shares of the industrial products company's stock after buying an additional 13,093 shares during the period. Commonwealth Equity Services LLC owned about 0.15% of Stanley Black & Decker worth $18,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $3,484,000. Avantax Advisory Services Inc. lifted its position in shares of Stanley Black & Decker by 14.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock valued at $217,000 after buying an additional 337 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 72.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,187 shares of the industrial products company's stock valued at $176,000 after buying an additional 916 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Stanley Black & Decker by 396.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,842 shares of the industrial products company's stock worth $1,433,000 after buying an additional 14,250 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Stanley Black & Decker by 2.2% during the 4th quarter. HighTower Advisors LLC now owns 52,240 shares of the industrial products company's stock worth $4,194,000 after acquiring an additional 1,131 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Remove Ads

Stanley Black & Decker Stock Performance

Shares of SWK stock traded down $1.12 during trading hours on Friday, hitting $79.40. The company's stock had a trading volume of 2,491,028 shares, compared to its average volume of 1,533,897. The stock has a market cap of $12.27 billion, a PE 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 12-month low of $77.70 and a 12-month high of $110.88. The company has a 50 day moving average of $85.44 and a 200 day moving average of $91.03. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.13%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analysts Set New Price Targets

SWK has been the subject of several recent analyst reports. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. UBS Group lowered their price objective 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. Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target 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 decreased 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 research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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 Outdoor and Industrial segments.