Janney Montgomery Scott LLC Purchases 27,881 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Janney Montgomery Scott LLC raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 235,460 shares of the industrial products company's stock after purchasing an additional 27,881 shares during the period. Janney Montgomery Scott LLC owned 0.15% of Stanley Black & Decker worth $18,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SWK. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker during the first quarter valued at approximately $31,000. Cape Investment Advisory Inc. raised its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. grew its holdings in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Finally, CX Institutional bought a new stake in Stanley Black & Decker in the first quarter worth $43,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SWK. UBS Group dropped 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 note on Tuesday, May 13th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Finally, Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Trading Up 0.7%

Stanley Black & Decker stock traded up $0.44 during mid-day trading on Thursday, hitting $64.58. The company's stock had a trading volume of 2,191,455 shares, compared to its average volume of 1,982,500. 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 50 day moving average of $63.98 and a 200-day moving average of $75.82. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The stock has a market cap of $9.99 billion, a PE ratio of 26.80, a P/E/G ratio of 1.66 and a beta of 1.18.

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

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

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.