Cwm LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 135.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,513 shares of the industrial products company’s stock after purchasing an additional 10,070 shares during the quarter. Cwm LLC’s holdings in Stanley Black & Decker were worth $1,301,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SWK. Tred Avon Family Wealth LLC bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth about $939,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 acquiring an additional 17,084 shares during the last quarter. Godsey & Gibb Inc. grew its position in Stanley Black & Decker by 14.6% in the third quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock worth $15,794,000 after acquiring an additional 27,140 shares in the last quarter. Capital Research Global Investors increased its stake in Stanley Black & Decker by 0.9% during the third quarter. Capital Research Global Investors now owns 12,768,115 shares of the industrial products company’s stock worth $949,050,000 after acquiring an additional 116,302 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Stanley Black & Decker by 704.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 30,184 shares of the industrial products company’s stock valued at $2,244,000 after purchasing an additional 26,430 shares during the period. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Price Performance
SWK opened at $76.67 on Monday. The business has a fifty day moving average of $75.69 and a 200 day moving average of $75.01. The stock has a market cap of $11.91 billion, a P/E ratio of 28.93, a PEG ratio of 1.10 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52-week low of $58.23 and a 52-week high of $93.37.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 8th. Stanley Black & Decker’s payout ratio is 125.28%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Monday, April 20th. Argus upgraded Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $82.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, UBS Group lowered their target price on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.22.
Check Out Our Latest Analysis on Stanley Black & Decker
Stanley Black & Decker 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.
See Also
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