Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 21.2% during the fourth quarter, Holdings Channel reports. The firm owned 65,466 shares of the industrial products company’s stock after acquiring an additional 11,446 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Stanley Black & Decker were worth $6,422,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at $33,000. Achmea Investment Management B.V. acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $36,000. ICA Group Wealth Management LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $37,000. Castleview Partners LLC raised its stake in shares of Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 231 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.32 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The business’s 50-day moving average price is $91.46 and its 200 day moving average price is $90.72. The firm has a market cap of $13.74 billion, a P/E ratio of -42.94, a P/E/G ratio of 2.41 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

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

Stanley Black & Decker Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SWK. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on 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. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Barclays raised their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.11.

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.