Savant Capital LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 183.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,611 shares of the industrial products company’s stock after acquiring an additional 7,519 shares during the period. Savant Capital LLC’s holdings in Stanley Black & Decker were worth $862,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWK. Ameriprise Financial Inc. grew its position in Stanley Black & Decker by 49.5% in the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after acquiring an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP bought a new position in Stanley Black & Decker in the third quarter valued at about $95,602,000. Strive Asset Management LLC bought a new position in Stanley Black & Decker in the third quarter valued at about $78,480,000. Clean Energy Transition LLP grew its position in Stanley Black & Decker by 56.8% in the third quarter. Clean Energy Transition LLP now owns 2,799,218 shares of the industrial products company’s stock valued at $208,066,000 after acquiring an additional 1,013,756 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Stanley Black & Decker by 51.0% in the third quarter. Schroder Investment Management Group now owns 2,647,173 shares of the industrial products company’s stock valued at $196,764,000 after acquiring an additional 894,123 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Stock Performance
NYSE:SWK opened at $79.01 on Wednesday. The stock has a market cap of $12.28 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. The company has a current ratio of 1.14, a quick ratio of 0.43 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average is $74.39 and its 200-day moving average is $76.60. Stanley Black & Decker, Inc. has a 1-year low of $61.90 and a 1-year high of $93.37.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors 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 4.2%. The ex-dividend date of this dividend is Monday, June 8th. Stanley Black & Decker’s payout ratio is currently 136.07%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Monday, April 20th. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Barclays reduced their price target on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Citigroup boosted their price target on Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price target on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.33.
Read Our Latest Research Report on SWK
Stanley Black & Decker Company 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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