Kinloch Capital LLC decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,915 shares of the industrial products company’s stock after selling 11,394 shares during the period. Kinloch Capital LLC’s holdings in Stanley Black & Decker were worth $2,296,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Cardinal Point Capital Management ULC grew its stake in shares of Stanley Black & Decker by 2.7% during the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock valued at $357,000 after buying an additional 125 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Stanley Black & Decker by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after acquiring an additional 126 shares during the last quarter. Boothbay Fund Management LLC grew its position in Stanley Black & Decker by 4.0% during the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 132 shares during the period. Martin Capital Partners LLC increased its stake in Stanley Black & Decker by 2.1% during the fourth quarter. Martin Capital Partners LLC now owns 7,258 shares of the industrial products company’s stock worth $539,000 after acquiring an additional 152 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in Stanley Black & Decker by 1.3% during the third quarter. Dakota Wealth Management now owns 12,645 shares of the industrial products company’s stock worth $940,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Stock Up 5.1%
NYSE SWK opened at $86.69 on Friday. 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 $77.49 and a two-hundred day moving average price of $77.91. The stock has a market cap of $13.48 billion, a PE ratio of 35.53, a P/E/G ratio of 1.16 and a beta of 1.19.
Stanley Black & Decker Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 8th. Stanley Black & Decker’s dividend payout ratio is presently 136.07%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SWK. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Monday, April 20th. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.44.
Check Out Our Latest Report on Stanley Black & Decker
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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