DE Burlo Group Inc. Has $15.50 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• DE Burlo Group Inc. increased its stake in Stanley Black & Decker by 36.4%, owning 201,585 shares worth approximately $15.5 million, making it the firm's 18th largest position.
• Numerous institutional investors, including Golden State Wealth Management and TD Private Client Wealth LLC, have significantly modified their positions in Stanley Black & Decker, indicating growing interest in the stock.
• The company recently declared a quarterly dividend of $0.83 per share, up from its previous dividend of $0.82, reflecting a 4.49% yield for shareholders.

DE Burlo Group Inc. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,585 shares of the industrial products company's stock after acquiring an additional 53,785 shares during the quarter. Stanley Black & Decker makes up approximately 2.3% of DE Burlo Group Inc.'s portfolio, making the stock its 18th biggest position. DE Burlo Group Inc. owned 0.13% of Stanley Black & Decker worth $15,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC raised 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 last quarter. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the first quarter valued at $31,000. TD Private Client Wealth LLC boosted its stake in shares of Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the last quarter. CX Institutional purchased a new position in Stanley Black & Decker during the first quarter worth about $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth about $55,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWK has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. UBS Group cut their target price on 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. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. dropped their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given 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 $93.80.

Stanley Black & Decker Stock Up 1.0%

Shares of SWK stock traded up $0.70 on Wednesday, reaching $69.31. 1,469,317 shares of the company's stock traded hands, compared to its average volume of 2,444,492. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The company has a market capitalization of $10.72 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The business's 50 day moving average price is $68.40 and its two-hundred day moving average price is $73.31.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. 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 company posted $1.09 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.79%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 137.76%.

Stanley Black & Decker Company 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.