J. Goldman & Co LP Acquires Shares of 106,263 Stanley Black & Decker, Inc. (NYSE:SWK)

J. Goldman & Co LP bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,263 shares of the industrial products company’s stock, valued at approximately $8,532,000. J. Goldman & Co LP owned about 0.07% of Stanley Black & Decker as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. raised its position in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $44,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK stock opened at $62.71 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market capitalization of $9.70 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The business has a 50 day simple moving average of $68.75 and a 200-day simple moving average of $80.37.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is presently 136.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SWK shares. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Finally, Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $92.70.

Stanley Black & Decker Company 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.