Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Crescent Sterling Ltd.

Crescent Sterling Ltd. boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,369 shares of the industrial products company’s stock after purchasing an additional 526 shares during the period. Stanley Black & Decker makes up about 2.2% of Crescent Sterling Ltd.’s investment portfolio, making the stock its 17th biggest holding. Crescent Sterling Ltd.’s holdings in Stanley Black & Decker were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SWK. PFG Investments LLC acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at about $354,000. Raymond James & Associates grew its stake in shares of Stanley Black & Decker by 5.2% during the first quarter. Raymond James & Associates now owns 107,985 shares of the industrial products company’s stock valued at $10,575,000 after acquiring an additional 5,350 shares in the last quarter. Abundance Wealth Counselors grew its stake in shares of Stanley Black & Decker by 10.3% during the first quarter. Abundance Wealth Counselors now owns 6,335 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 591 shares in the last quarter. Olstein Capital Management L.P. grew its stake in shares of Stanley Black & Decker by 5.9% during the first quarter. Olstein Capital Management L.P. now owns 72,000 shares of the industrial products company’s stock valued at $7,051,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Eagle Ridge Investment Management grew its stake in shares of Stanley Black & Decker by 41.8% during the first quarter. Eagle Ridge Investment Management now owns 4,298 shares of the industrial products company’s stock valued at $421,000 after acquiring an additional 1,268 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SWK shares. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Barclays lifted their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Stock Performance

NYSE SWK traded up $0.46 during trading hours on Tuesday, reaching $91.42. The company’s stock had a trading volume of 2,636,275 shares, compared to its average volume of 1,314,984. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $91.65 and a 200 day simple moving average of $91.27. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The stock has a market cap of $14.06 billion, a PE ratio of -43.95, a PEG ratio of 2.42 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) earnings per share. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Stanley Black & Decker 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.