Virtu Financial LLC Purchases 4,743 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Virtu Financial LLC increased its stake in Stanley Black & Decker by 165.0% during the first quarter, now owning 7,617 shares valued at $586,000.
• Stanley Black & Decker recently reported a quarterly EPS of $1.08, surpassing analyst estimates, although its revenue of $3.95 billion fell short of expectations.
• The company declared an increase in its quarterly dividend to $0.83, reflecting a 4.4% dividend yield and a payout ratio exceeding 100%.

Virtu Financial LLC lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 165.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,617 shares of the industrial products company's stock after acquiring an additional 4,743 shares during the quarter. Virtu Financial LLC's holdings in Stanley Black & Decker were worth $586,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SWK. Golden State Wealth Management LLC boosted its position in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after buying an additional 296 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $31,000. TD Private Client Wealth LLC raised its stake in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares during the period. CX Institutional acquired a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $43,000. Finally, WASHINGTON TRUST Co raised its stake in Stanley Black & Decker by 530.1% in the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 705 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SWK shares. JPMorgan Chase & Co. lowered their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Finally, UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Stock Down 0.5%

Shares of NYSE:SWK traded down $0.35 during midday trading on Friday, hitting $74.07. 1,557,598 shares of the stock were exchanged, compared to its average volume of 2,150,106. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The business's fifty day simple moving average is $69.52 and its two-hundred day simple moving average is $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 company has a market capitalization of $11.47 billion, a PE ratio of 23.51, a P/E/G ratio of 1.64 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping 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 7.76% and a net margin of 3.15%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business 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 $0.83 dividend. 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 annualized dividend and a yield of 4.5%. Stanley Black & Decker's dividend payout ratio is presently 104.13%.

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.