Cerity Partners LLC Buys 3,061 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cerity Partners LLC boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,203 shares of the industrial products company’s stock after buying an additional 3,061 shares during the quarter. Cerity Partners LLC’s holdings in Stanley Black & Decker were worth $2,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SWK. Charles Schwab Investment Management Inc. boosted its holdings in Stanley Black & Decker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after purchasing an additional 13,540 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $2,593,000. Vest Financial LLC increased its position in shares of Stanley Black & Decker by 44.0% during the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after acquiring an additional 103,403 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Stanley Black & Decker during the third quarter worth $1,605,000. Finally, Manchester Financial Inc. purchased a new position in Stanley Black & Decker in the fourth quarter worth $2,067,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SWK. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Barclays raised their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.44.

Stanley Black & Decker Trading Down 0.9 %

SWK opened at $89.33 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $91.45 and a 200-day moving average price of $90.58. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.63%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.