AE Wealth Management LLC Makes New $3.81 Million Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• AE Wealth Management LLC has acquired a new stake in Stanley Black & Decker, Inc., purchasing 49,518 shares valued at approximately $3.81 million during the 1st quarter.
• Recent analyst ratings show a range of opinions on the stock, with JPMorgan downgrading its price target to $60 and Barclays raising it to $90, reflecting diverse expectations for the company's future performance.
• Stanley Black & Decker announced an increase in its quarterly dividend to $0.83 per share, reflecting a yield of 4.49% despite a high dividend payout ratio of 136.10%.

AE Wealth Management LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,518 shares of the industrial products company's stock, valued at approximately $3,807,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC increased its stake 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 worth $25,000 after purchasing an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter valued at $31,000. TD Private Client Wealth LLC boosted its holdings in 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 last quarter. CX Institutional purchased a new position in Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $55,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of SWK traded down $6.24 during midday trading on Tuesday, hitting $67.69. 2,256,360 shares of the company traded hands, compared to its average volume of 2,429,253. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The firm has a 50 day moving average of $68.44 and a 200-day moving average of $73.34. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.90%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWK. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. UBS Group reduced their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company increased their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average 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.