2,065 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,065 shares of the industrial products company’s stock, valued at approximately $203,000.

Several other large investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC bought a new stake in Stanley Black & Decker during the third quarter worth $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 231 shares during the period. Headlands Technologies LLC bought a new position in Stanley Black & Decker during the third quarter worth about $44,000. ING Groep NV bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $45,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Stanley Black & Decker Trading Down 1.6 %

Shares of SWK stock opened at $85.88 on Thursday. The stock has a 50 day simple moving average of $91.55 and a 200 day simple moving average of $91.52. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The stock has a market cap of $13.22 billion, a P/E ratio of -124.46, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the company posted ($0.41) EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker’s payout ratio is presently -469.57%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWK. Robert W. Baird dropped 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, April 18th. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Finally, Barclays lowered their target price on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $97.00.

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.