Redwood Investment Management LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,581 shares of the industrial products company’s stock, valued at approximately $996,000.
Several other large investors also recently modified their holdings of SWK. Cardinal Point Capital Management ULC lifted its holdings in Stanley Black & Decker by 2.7% in the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock worth $357,000 after buying an additional 125 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Stanley Black & Decker by 2.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after buying an additional 126 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of 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 in the last quarter. Bessemer Group Inc. lifted its stake in Stanley Black & Decker by 1.5% in the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 134 shares during the period. Finally, Assetmark Inc. boosted its holdings in Stanley Black & Decker by 19.9% in the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 146 shares in the last quarter. 87.77% of the stock is owned by institutional investors.
Stanley Black & Decker Stock Down 0.5%
Shares of NYSE:SWK opened at $99.31 on Friday. The stock has a fifty day simple moving average of $94.22 and a two-hundred day simple moving average of $83.62. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.34 and a beta of 1.16. Stanley Black & Decker, Inc. has a 12-month low of $61.90 and a 12-month high of $104.68. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.
Stanley Black & Decker Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is 81.95%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SWK. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a research report on Monday, August 10th. Robert W. Baird set a $84.00 price target on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Wall Street Zen raised shares of Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.25.
Get Our Latest Analysis 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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