Amalgamated Bank Has $4.05 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Amalgamated Bank lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,291 shares of the industrial products company’s stock after acquiring an additional 2,550 shares during the period. Amalgamated Bank’s holdings in Stanley Black & Decker were worth $4,051,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SWK. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 74.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,590 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 1,534 shares in the last quarter. Natixis Advisors L.P. increased its stake in Stanley Black & Decker by 56.4% during the 4th quarter. Natixis Advisors L.P. now owns 17,640 shares of the industrial products company’s stock worth $1,730,000 after purchasing an additional 6,359 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Stanley Black & Decker by 2.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 232,683 shares of the industrial products company’s stock worth $22,826,000 after purchasing an additional 6,285 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in Stanley Black & Decker during the 4th quarter worth approximately $203,000. Finally, RB Capital Management LLC increased its stake in Stanley Black & Decker by 4.2% during the 4th quarter. RB Capital Management LLC now owns 7,376 shares of the industrial products company’s stock worth $724,000 after purchasing an additional 297 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $85.88 on Thursday. 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 firm has a fifty day simple moving average of $91.55 and a 200 day simple moving average of $91.52. The stock has a market capitalization of $13.22 billion, a PE ratio of -124.46, a P/E/G 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 the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the business earned ($0.41) earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.77%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.57%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,852,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Barclays decreased their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.