Ameritas Investment Partners Inc. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 1,077.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,190 shares of the industrial products company’s stock after acquiring an additional 15,730 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Stanley Black & Decker were worth $1,278,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Chapman Financial Group LLC bought a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in shares of Stanley Black & Decker during the second quarter worth $28,000. Hanson & Doremus Investment Management acquired a new stake in shares of Stanley Black & Decker during the third quarter worth $30,000. Sentry Investment Management LLC acquired a new position in Stanley Black & Decker in the 3rd quarter worth $31,000. Finally, MUFG Securities EMEA plc bought a new position in Stanley Black & Decker during the 2nd quarter worth about $31,000. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Price Performance
Shares of NYSE SWK opened at $85.21 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $82.35 and its two-hundred day moving average price is $75.64. The company has a market cap of $13.20 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $93.37.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.83 per share. The ex-dividend date is Tuesday, March 10th. This represents a $3.32 annualized dividend and a yield of 3.9%. Stanley Black & Decker’s dividend payout ratio (DPR) is 125.28%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SWK. UBS Group reduced their price objective on Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, January 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $84.00 price target on shares of Stanley Black & Decker in a research note on Thursday, February 5th. Barclays reaffirmed an “overweight” rating and issued a $100.00 target price on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Citigroup increased their price objective on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.89.
Check Out 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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