Crestline Management LP bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,762 shares of the industrial products company's stock, valued at approximately $382,000.
Several other institutional investors have also modified their holdings of SWK. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. boosted its stake in shares of Stanley Black & Decker by 107.2% during the fourth 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 last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. lifted its stake 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 worth $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 87.77% of the company's stock.
Stanley Black & Decker Stock Up 1.8%
Shares of NYSE SWK traded up $1.27 during mid-day trading on Tuesday, reaching $73.80. The company had a trading volume of 3,641,678 shares, compared to its average volume of 1,850,656. The stock has a fifty day moving average of $68.53 and a two-hundred day moving average of $80.01. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 1.33 and a beta of 1.19. 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 announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. As a group, equities research analysts expect 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. Shareholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.
Wall Street Analyst Weigh In
SWK has been the topic of several recent analyst reports. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price on the stock. Robert W. Baird upped 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 report on Thursday, May 1st. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $91.10.
Read Our Latest Stock Analysis on SWK
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 Outdoor and Industrial segments.
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