Godsey & Gibb Inc. boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,440 shares of the industrial products company's stock after purchasing an additional 8,570 shares during the period. Godsey & Gibb Inc. owned about 0.10% of Stanley Black & Decker worth $12,239,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Rise Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC bought a new position in Stanley Black & Decker in the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in shares of Stanley Black & Decker in the third quarter valued at about $72,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SWK has been the topic of a number of research analyst reports. Robert W. Baird decreased their price objective 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. Mizuho raised shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Barclays reduced their price objective on 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. The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company cut 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.25.
Get Our Latest Research Report on SWK
Stanley Black & Decker Trading Up 0.7 %
Shares of NYSE:SWK traded up $0.59 during midday trading on Thursday, hitting $83.98. The company had a trading volume of 853,126 shares, compared to its average volume of 1,259,761. The firm has a fifty day simple moving average of $84.42 and a 200 day simple moving average of $93.19. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of -61.30, a PEG ratio of 1.69 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.
Stanley Black & Decker Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.91%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.
About Stanley Black & Decker
(
Free Report)
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.
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