Hsbc Holdings PLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 37.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 242,508 shares of the industrial products company’s stock after purchasing an additional 65,834 shares during the quarter. Hsbc Holdings PLC’s holdings in Stanley Black & Decker were worth $18,040,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GoalVest Advisory LLC acquired a new position in Stanley Black & Decker in the fourth quarter worth about $26,000. Chapman Financial Group LLC acquired a new stake in Stanley Black & Decker during the second quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $28,000. Kovack Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $28,000. Finally, Motiv8 Investments LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $31,000. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Trading Down 3.4%
SWK stock opened at $89.38 on Wednesday. The business has a fifty day moving average price of $82.03 and a 200 day moving average price of $79.49. 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 fifty-two week low of $61.90 and a fifty-two week high of $95.16. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 1.29 and a beta of 1.16.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a yield of 3.7%. Stanley Black & Decker’s dividend payout ratio is currently 136.07%.
Analysts Set New Price Targets
A number of brokerages have weighed in on SWK. Morgan Stanley lowered their price target on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Monday, April 20th. Wells Fargo & Company increased their target price on shares of 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.44.
View Our Latest Research Report 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.
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