Stanley Black & Decker, Inc. (NYSE:SWK) Stake Raised by Cerity Partners LLC

Cerity Partners LLC grew its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 85.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,800 shares of the industrial products company's stock after purchasing an additional 17,008 shares during the quarter. Cerity Partners LLC's holdings in Stanley Black & Decker were worth $2,829,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Stanley Black & Decker in the 1st quarter valued at about $31,000. TD Private Client Wealth LLC grew its stake in shares of Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after buying an additional 382 shares during the period. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker during the 4th quarter valued at about $40,000. Finally, CX Institutional acquired a new position in Stanley Black & Decker during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 1.0%

Shares of SWK traded down $0.70 during mid-day trading on Friday, hitting $70.12. The company's stock had a trading volume of 1,970,628 shares, compared to its average volume of 2,033,753. The company's 50-day moving average is $68.31 and its 200-day moving average is $73.74. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.34 and a beta of 1.18. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating 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%. Stanley Black & Decker's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

Analysts Set New Price Targets

Several research firms have commented on SWK. Robert W. Baird lifted their target price 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. Wall Street Zen raised shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. UBS Group decreased 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 report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $92.10.

About Stanley Black & Decker

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.