abrdn plc Purchases 44,486 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

abrdn plc raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,286 shares of the industrial products company's stock after buying an additional 44,486 shares during the quarter. abrdn plc owned 0.15% of Stanley Black & Decker worth $23,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. International Assets Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 9,029.0% during the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company's stock worth $41,330,000 after purchasing an additional 416,689 shares in the last quarter. Clean Energy Transition LLP boosted its stake in shares of Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company's stock valued at $191,593,000 after purchasing an additional 277,507 shares in the last quarter. Kensico Capital Management Corp lifted its stake in shares of Stanley Black & Decker by 49.6% in the third quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company's stock worth $55,012,000 after acquiring an additional 218,200 shares during the period. Barclays PLC lifted its stake in shares of Stanley Black & Decker by 62.7% in the third quarter. Barclays PLC now owns 377,665 shares of the industrial products company's stock worth $31,567,000 after acquiring an additional 145,517 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Stanley Black & Decker by 79.3% in the third quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company's stock worth $26,337,000 after acquiring an additional 139,371 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird cut their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a report on Friday, February 2nd. Finally, Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued 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 target price of $98.11.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded down $0.47 during midday trading on Wednesday, reaching $90.27. 1,282,525 shares of the company traded hands, compared to its average volume of 1,284,536. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of -43.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The firm's fifty day moving average price is $91.50 and its two-hundred day moving average price is $90.98.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the company posted ($0.10) EPS. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.59%. Stanley Black & Decker's payout ratio is -155.77%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.