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Stanley Black & Decker, Inc. (NYSE:SWK) Position Increased by Alps Advisors Inc.

Stanley Black & Decker logo with Industrials background

Alps Advisors Inc. increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,354 shares of the industrial products company's stock after purchasing an additional 5,771 shares during the quarter. Alps Advisors Inc. owned 0.19% of Stanley Black & Decker worth $22,937,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SWK. Atria Investments Inc increased its holdings in shares of Stanley Black & Decker by 25.2% in the 4th quarter. Atria Investments Inc now owns 9,684 shares of the industrial products company's stock valued at $778,000 after purchasing an additional 1,948 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $1,747,000. Raymond James Financial Inc. purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $15,607,000. Amundi increased its holdings in Stanley Black & Decker by 124.7% during the 4th quarter. Amundi now owns 807,859 shares of the industrial products company's stock valued at $65,889,000 after acquiring an additional 448,411 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in Stanley Black & Decker by 98,300.0% during the 4th quarter. AlphaQuest LLC now owns 5,904 shares of the industrial products company's stock valued at $474,000 after acquiring an additional 5,898 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $0.96 during midday trading on Friday, hitting $72.89. The company's stock had a trading volume of 1,722,793 shares, compared to its average volume of 2,029,765. The firm has a market cap of $11.28 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.41 and a beta of 1.18. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The firm's fifty day moving average price is $67.33 and its 200-day moving average price is $74.13. 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 released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm 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%. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.50%. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Analyst Ratings Changes

SWK has been the subject of several recent research reports. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped 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. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday. UBS Group cut their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.10.

Get Our Latest Research Report on SWK

Stanley Black & Decker Company Profile

(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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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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