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Compass Wealth Management LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker logo with Industrial Products background

Compass Wealth Management LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,776 shares of the industrial products company's stock, valued at approximately $1,055,000.

Other hedge funds also recently modified their holdings of the company. First United Bank & Trust bought a new stake in Stanley Black & Decker during the 4th quarter valued at $25,000. Quarry LP bought a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. Principal Securities Inc. bought a new stake in Stanley Black & Decker during the 4th quarter valued at $38,000. Parkside Financial Bank & Trust raised its holdings in Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 160 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 140 shares during the period. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SWK. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating on the stock in a report on Friday, May 3rd. Barclays cut shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $95.44.

Get Our Latest Research Report on Stanley Black & Decker

Stanley Black & Decker Price Performance

NYSE:SWK traded down $0.23 during midday trading on Wednesday, hitting $84.13. The company had a trading volume of 1,155,724 shares, compared to its average volume of 1,249,510. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $104.21. The stock's fifty day moving average price is $87.56 and its 200-day moving average price is $91.37. The company has a market capitalization of $12.95 billion, a PE ratio of -121.93, a P/E/G ratio of 2.29 and a beta of 1.29. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the business earned ($0.41) earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 3.85%. Stanley Black & Decker's payout ratio is -469.56%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.

Stanley Black & Decker Profile

(Free Report)

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.

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