Aptus Capital Advisors LLC Purchases 6,207 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Aptus Capital Advisors LLC lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 187.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,517 shares of the industrial products company's stock after purchasing an additional 6,207 shares during the period. Aptus Capital Advisors LLC's holdings in Stanley Black & Decker were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SWK. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth about $36,000. Cape Investment Advisory Inc. lifted its stake in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the fourth quarter worth $40,000. SRS Capital Advisors Inc. raised its stake in 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 worth $42,000 after buying an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in Stanley Black & Decker in the 4th quarter valued at $44,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 13.7%

Shares of NYSE SWK traded up $8.61 during mid-day trading on Monday, hitting $71.28. 2,857,078 shares of the stock traded hands, compared to its average volume of 1,824,432. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.33 and a beta of 1.19. The stock has a fifty day moving average price of $68.75 and a 200-day moving average price of $80.21. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.56 EPS. The company's revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.60%. Stanley Black & Decker's payout ratio is currently 136.10%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $92.70.

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.