Focus Partners Wealth Acquires 2,123 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Focus Partners Wealth lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,876 shares of the industrial products company’s stock after buying an additional 2,123 shares during the period. Focus Partners Wealth’s holdings in Stanley Black & Decker were worth $472,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWK. Cape Investment Advisory Inc. grew its holdings in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new position in Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. grew its holdings in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at about $44,000. Finally, Crews Bank & Trust bought a new position in Stanley Black & Decker during the 4th quarter valued at about $49,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK opened at $70.56 on Wednesday. The company has a 50 day moving average price of $67.01 and a 200-day moving average price of $79.12. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The stock has a market capitalization of $10.92 billion, a PE ratio of 36.37, a PEG ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 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 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.65%. Stanley Black & Decker’s payout ratio is 136.10%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SWK shares. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Citigroup lowered their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $91.10.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.