CX Institutional Invests $43,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

CX Institutional purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 555 shares of the industrial products company’s stock, valued at approximately $43,000.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in Stanley Black & Decker by 183.4% during the 1st quarter. SG Americas Securities LLC now owns 166,019 shares of the industrial products company’s stock worth $12,764,000 after purchasing an additional 107,439 shares during the period. GAMMA Investing LLC grew its position in Stanley Black & Decker by 40.5% during the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company’s stock worth $348,000 after buying an additional 1,304 shares during the period. Cardinal Capital Management Inc. increased its stake in Stanley Black & Decker by 13.9% in the 1st quarter. Cardinal Capital Management Inc. now owns 298,165 shares of the industrial products company’s stock valued at $22,923,000 after purchasing an additional 36,354 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Stanley Black & Decker by 13.3% during the first quarter. Yousif Capital Management LLC now owns 93,279 shares of the industrial products company’s stock worth $7,171,000 after purchasing an additional 10,950 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in Stanley Black & Decker during the first quarter worth $672,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, May 5th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Stock Down 2.3%

SWK stock opened at $64.26 on Wednesday. The company has a 50 day moving average price of $63.97 and a two-hundred day moving average price of $75.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The stock has a market capitalization of $9.94 billion, a P/E ratio of 26.66, a PEG ratio of 1.77 and a beta of 1.18. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.10%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.10%.

Stanley Black & Decker Profile

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.