World Investment Advisors acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,708 shares of the industrial products company’s stock, valued at approximately $498,000.
A number of other hedge funds have also made changes to their positions in SWK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Stanley Black & Decker by 3.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,648 shares of the industrial products company’s stock worth $1,203,000 after purchasing an additional 559 shares during the period. Empowered Funds LLC lifted its stake in shares of Stanley Black & Decker by 8.2% during the first quarter. Empowered Funds LLC now owns 4,645 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 353 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Stanley Black & Decker by 18.8% in the first quarter. Focus Partners Wealth now owns 6,981 shares of the industrial products company’s stock worth $537,000 after buying an additional 1,105 shares during the period. CW Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at about $249,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 53.6% in the second quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock valued at $67,000 after buying an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Price Performance
Shares of NYSE SWK opened at $83.83 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $93.37. The business has a 50 day moving average price of $78.28 and a two-hundred day moving average price of $78.21. The firm has a market cap of $13.03 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.21 and a beta of 1.19.
Stanley Black & Decker Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 8th. Stanley Black & Decker’s dividend payout ratio is 136.07%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.44.
View Our Latest Stock Analysis on Stanley Black & Decker
About Stanley Black & Decker
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.
See Also
- Five stocks we like better than Stanley Black & Decker
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.
