Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,494 shares of the industrial products company’s stock after purchasing an additional 165 shares during the period. Vontobel Holding Ltd.’s holdings in Stanley Black & Decker were worth $345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in Stanley Black & Decker during the 1st quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $40,000. CX Institutional acquired a new position in Stanley Black & Decker during the 1st quarter worth approximately $43,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $55,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price target on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. UBS Group reduced their price target on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, Robert W. Baird lifted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.10.

Stanley Black & Decker Stock Performance

SWK stock opened at $69.39 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $10.74 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.36 and a beta of 1.18. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock’s 50 day simple moving average is $66.33 and its 200 day simple moving average is $74.27.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.73%. Stanley Black & Decker’s payout ratio is currently 136.10%.

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.