CM Management LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the industrial products company's stock, valued at approximately $769,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $31,000. TD Private Client Wealth LLC lifted its holdings in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the period. CX Institutional purchased a new stake in Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, WASHINGTON TRUST Co increased its position in Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock worth $64,000 after purchasing an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.
Stanley Black & Decker Stock Up 0.8%
NYSE SWK traded up $0.56 on Friday, reaching $69.30. The company had a trading volume of 946,488 shares, compared to its average volume of 2,428,628. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The firm has a 50-day moving average of $68.66 and a 200-day moving average of $72.64. The firm has a market capitalization of $10.73 billion, a PE ratio of 22.00, a P/E/G ratio of 1.51 and a beta of 1.16.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.
Stanley Black & Decker Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.8%. Stanley Black & Decker's dividend payout ratio is presently 105.40%.
Analyst Ratings Changes
A number of equities analysts have weighed in on SWK shares. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Barclays dropped their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $91.10.
Check Out Our Latest Report on Stanley Black & Decker
Stanley Black & Decker Profile
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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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