Oak Thistle LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Oak Thistle LLC bought 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 and Exchange Commission. The fund bought 13,014 shares of the industrial products company's stock, valued at approximately $1,001,000.

A number of other large investors have also recently modified their holdings of SWK. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $25,000 after purchasing an additional 296 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $31,000. TD Private Client Wealth LLC boosted its position in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after purchasing an additional 382 shares during the last quarter. CX Institutional purchased a new position in Stanley Black & Decker in the first quarter worth about $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Stanley Black & Decker in the fourth quarter worth about $55,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $1.27 during mid-day trading on Friday, reaching $73.96. 1,782,160 shares of the company's stock were exchanged, compared to its average volume of 1,910,755. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The stock has a market capitalization of $11.44 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The business's fifty day simple moving average is $68.37 and its 200-day simple moving average is $73.44. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current 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 4.49%. Stanley Black & Decker's dividend payout ratio (DPR) is 137.76%.

Analyst Ratings Changes

A number of analysts have commented on SWK shares. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. UBS Group reduced their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $93.40.

Stanley Black & Decker 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.