Landscape Capital Management L.L.C. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 139.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,539 shares of the industrial products company’s stock after purchasing an additional 14,289 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Stanley Black & Decker were worth $1,823,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Clean Energy Transition LLP raised its position in Stanley Black & Decker by 4.9% during the 4th quarter. Clean Energy Transition LLP now owns 2,936,073 shares of the industrial products company’s stock worth $218,092,000 after purchasing an additional 136,855 shares during the last quarter. Entropy Technologies LP bought a new position in Stanley Black & Decker during the 4th quarter worth $244,000. Aptus Capital Advisors LLC raised its position in Stanley Black & Decker by 9.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 5,699 shares of the industrial products company’s stock worth $423,000 after purchasing an additional 498 shares during the last quarter. FORA Capital LLC bought a new position in Stanley Black & Decker during the 4th quarter worth $455,000. Finally, Kestra Advisory Services LLC raised its position in Stanley Black & Decker by 23.4% during the 4th quarter. Kestra Advisory Services LLC now owns 21,867 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 4,141 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
Stanley Black & Decker Stock Performance
Shares of Stanley Black & Decker stock opened at $84.72 on Tuesday. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. Stanley Black & Decker, Inc. has a one year low of $61.90 and a one year high of $93.37. The business has a 50-day simple moving average of $76.50 and a 200 day simple moving average of $77.64.
Stanley Black & Decker Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 8th. Stanley Black & Decker’s payout ratio is presently 136.07%.
Analysts Set New Price Targets
SWK has been the subject of several analyst reports. Barclays lowered their target price on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Robert W. Baird set a $84.00 target price on Stanley Black & Decker in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.33.
Read Our Latest Research Report on Stanley Black & Decker
Stanley Black & Decker Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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