Global Assets Advisory LLC acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,092 shares of the industrial products company's stock, valued at approximately $1,870,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company's stock worth $1,683,389,000 after purchasing an additional 279,866 shares during the period. Federated Hermes Inc. lifted its position in Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company's stock worth $161,662,000 after buying an additional 22,933 shares in the last quarter. Northern Trust Corp lifted its position in Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company's stock worth $124,996,000 after buying an additional 66,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Stanley Black & Decker by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company's stock worth $137,094,000 after buying an additional 16,983 shares in the last quarter. Finally, Norges Bank purchased a new stake in Stanley Black & Decker in the 4th quarter worth approximately $133,952,000. Institutional investors and hedge funds own 87.77% of the company's stock.
Insiders Place Their Bets
In other news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker 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 sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Barclays downgraded shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Wells Fargo & Company cut their price target 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. Finally, Robert W. Baird cut 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and an average target price of $95.44.
Stanley Black & Decker Stock Performance
SWK traded down $0.29 during trading on Wednesday, hitting $81.58. The stock had a trading volume of 1,163,974 shares, compared to its average volume of 1,396,518. The firm has a market cap of $12.55 billion, a PE ratio of -118.23, a P/E/G ratio of 2.22 and a beta of 1.29. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $104.21. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $86.94 and a 200-day simple moving average of $91.11.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly 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. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted ($0.41) EPS. Analysts expect that Stanley Black & Decker, Inc. will post 4.09 EPS for the current year.
Stanley Black & Decker Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 3.97%. Stanley Black & Decker's dividend payout ratio is -469.56%.
About Stanley Black & Decker
(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.
Featured Articles
- Retail Stocks Investing, Explained
- Stock Impact: McDonald's Price War with Starbucks, Wendy's
- What is a SEC Filing?
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Find and Profitably Trade Stocks at 52-Week Lows
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
→ Did Joe Biden just reveal his replacement? (From Paradigm Press) (Ad)
Before you consider Stanley Black & Decker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stanley Black & Decker wasn't on the list.
While Stanley Black & Decker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
13 Stocks Institutional Investors Won't Stop Buying
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
