Barclays PLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,109 shares of the industrial products company’s stock after selling 33,295 shares during the period. Barclays PLC owned 0.28% of Stanley Black & Decker worth $31,673,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Tred Avon Family Wealth LLC purchased a new stake in Stanley Black & Decker in the 3rd quarter valued at $939,000. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock valued at $237,813,000 after purchasing an additional 17,084 shares during the last quarter. Godsey & Gibb Inc. grew its stake in shares of Stanley Black & Decker by 14.6% in the 3rd quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after buying an additional 27,140 shares during the period. Baird Financial Group Inc. grew its stake in shares of Stanley Black & Decker by 773.1% in the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock valued at $3,610,000 after buying an additional 47,176 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Stanley Black & Decker by 48.1% during the 2nd quarter. Osaic Holdings Inc. now owns 44,816 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 14,550 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Stanley Black & Decker Price Performance
SWK stock opened at $73.98 on Wednesday. The stock has a 50-day moving average price of $83.39 and a two-hundred day moving average price of $76.04. The company has a market cap of $11.47 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.37. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52.
Stanley Black & Decker Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Stanley Black & Decker’s payout ratio is currently 125.28%.
Analysts Set New Price Targets
Several research analysts have recently commented on SWK shares. Argus upgraded Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Barclays reiterated an “overweight” rating and set a $100.00 price target on shares of Stanley Black & Decker in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Finally, Robert W. Baird increased their price target on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $86.89.
View Our Latest Stock Report on Stanley Black & Decker
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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