Stanley Black & Decker, Inc. (NYSE:SWK) Stock Holdings Raised by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 1,476.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 741 shares of the industrial products company’s stock after purchasing an additional 694 shares during the period. Jones Financial Companies Lllp’s holdings in Stanley Black & Decker were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clean Energy Transition LLP increased its position in shares of Stanley Black & Decker by 13.8% in the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after purchasing an additional 277,507 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Stanley Black & Decker by 1.4% during the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after buying an additional 22,933 shares during the last quarter. Northern Trust Corp grew its position in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after buying an additional 66,536 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company’s stock valued at $137,094,000 after buying an additional 16,983 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $133,952,000. Institutional investors 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 the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

SWK has been the subject of a number of recent research reports. Wells Fargo & Company lowered 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. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Barclays downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $100.00 to $86.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.44.

Get Our Latest Research Report on Stanley Black & Decker

Stanley Black & Decker Trading Up 1.7 %

Stanley Black & Decker stock opened at $84.41 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $89.90 and a two-hundred day moving average price of $91.85. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of -122.33, a PEG ratio of 2.25 and a beta of 1.29. 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 issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.41) EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

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

Stanley Black & Decker Company 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.

See Also

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWKFree Report).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.