Prudential PLC Buys New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Prudential PLC has acquired a new stake in Stanley Black & Decker, purchasing 5,549 shares valued at approximately $427,000.
• Stanley Black & Decker recently reported quarterly earnings with an EPS of $1.08, significantly above the consensus estimate of $0.38, though its revenue declined 6.2% year-over-year.
• The company will pay a quarterly dividend of $0.83 per share, representing a yield of 4.5%, which is an increase from the previous dividend of $0.82.

Prudential PLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,549 shares of the industrial products company's stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SWK. Raymond James Financial Inc. acquired a new position in shares of Stanley Black & Decker during the 4th quarter valued at $15,607,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Stanley Black & Decker by 5.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,802 shares of the industrial products company's stock valued at $1,189,000 after acquiring an additional 828 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Stanley Black & Decker during the 4th quarter valued at $286,000. Guggenheim Capital LLC lifted its holdings in shares of Stanley Black & Decker by 10.3% during the 4th quarter. Guggenheim Capital LLC now owns 18,267 shares of the industrial products company's stock valued at $1,467,000 after acquiring an additional 1,703 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Stanley Black & Decker during the 4th quarter worth $632,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 0.5%

NYSE SWK opened at $74.07 on Friday. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a 50-day simple moving average of $69.52 and a 200-day simple moving average of $71.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market capitalization of $11.47 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the business posted $1.09 EPS. The company's quarterly revenue was down 6.2% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SWK. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. dropped 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 research note on Monday, May 5th. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, Barclays dropped their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $91.10.

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.

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