Parallel Advisors LLC Buys 239 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Parallel Advisors LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 884 shares of the industrial products company’s stock after acquiring an additional 239 shares during the period. Parallel Advisors LLC’s holdings in Stanley Black & Decker were worth $87,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Stanley Black & Decker during the fourth quarter worth $12,992,000. Nomura Asset Management Co. Ltd. boosted its holdings in Stanley Black & Decker by 14.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 356,489 shares of the industrial products company’s stock worth $34,972,000 after purchasing an additional 44,674 shares during the last quarter. Commerce Bank boosted its holdings in Stanley Black & Decker by 6.7% during the fourth quarter. Commerce Bank now owns 66,442 shares of the industrial products company’s stock worth $6,518,000 after purchasing an additional 4,165 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Stanley Black & Decker by 9.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,641 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in Stanley Black & Decker during the fourth quarter worth $313,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SWK shares. Robert W. Baird cut 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. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $100.00 to $86.00 in a research note on Tuesday. Finally, Wells Fargo & Company cut 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 analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $95.44.

Read Our Latest Stock Analysis on SWK

Stanley Black & Decker Stock Performance

NYSE SWK opened at $84.41 on Thursday. The firm has a 50-day moving average of $89.90 and a 200-day moving average of $91.85. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company posted ($0.41) EPS. Stanley Black & Decker’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

Stanley Black & Decker Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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