Old North State Wealth Management LLC Purchases 11,217 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Old North State Wealth Management LLC increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,015 shares of the industrial products company's stock after acquiring an additional 11,217 shares during the quarter. Stanley Black & Decker comprises about 2.0% of Old North State Wealth Management LLC's investment portfolio, making the stock its 13th largest holding. Old North State Wealth Management LLC's holdings in Stanley Black & Decker were worth $3,621,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after purchasing an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after acquiring an additional 246,800 shares during the period. Capital Research Global Investors increased its position in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after purchasing an additional 3,063,114 shares during the period. Invesco Ltd. increased its position in shares of Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after purchasing an additional 763,219 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after purchasing an additional 18,778 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. UBS Group decreased their target price on shares of 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. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Stock Up 2.2%

Shares of Stanley Black & Decker stock opened at $67.69 on Friday. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.72 and a beta of 1.18. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The stock's 50-day moving average is $64.87 and its 200 day moving average is $74.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.