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Pallas Capital Advisors LLC Purchases Shares of 8,744 Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker logo with Industrials background

Pallas Capital Advisors LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,744 shares of the industrial products company's stock, valued at approximately $672,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. increased its holdings in shares of Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after buying an additional 199 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $44,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 3.2%

Shares of SWK stock traded down $2.19 on Friday, hitting $65.23. The stock had a trading volume of 1,730,195 shares, compared to its average volume of 1,970,859. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The firm has a market cap of $10.09 billion, a P/E ratio of 33.62, a PEG ratio of 1.33 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $63.78 and a two-hundred day moving average price of $76.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 5.03%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Analyst Ratings Changes

A number of analysts recently weighed in on SWK shares. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. JPMorgan Chase & Co. lowered their price target 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. Robert W. Baird raised their price target 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. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, UBS Group lowered their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $91.10.

Check Out Our Latest Report on SWK

Stanley Black & Decker 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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