Chicago Partners Investment Group LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,587 shares of the industrial products company’s stock, valued at approximately $423,000.
Other large investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC grew its holdings in Stanley Black & Decker by 47.4% during the fourth quarter. Douglas Lane & Associates LLC now owns 106,850 shares of the industrial products company’s stock worth $7,937,000 after purchasing an additional 34,365 shares during the period. Polianta Ltd bought a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $1,611,000. New York Life Investment Management LLC lifted its position in shares of Stanley Black & Decker by 67.5% in the fourth quarter. New York Life Investment Management LLC now owns 34,766 shares of the industrial products company’s stock valued at $2,582,000 after buying an additional 14,005 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Stanley Black & Decker by 1,282.2% during the 4th quarter. SG Americas Securities LLC now owns 72,098 shares of the industrial products company’s stock worth $5,355,000 after acquiring an additional 66,882 shares during the period. Finally, LBP AM SA acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $2,377,000. Institutional investors and hedge funds own 87.77% of the company’s stock.
Stanley Black & Decker Stock Performance
SWK opened at $90.20 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.43. The business has a fifty day simple moving average of $83.48 and a 200 day simple moving average of $80.26. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $95.16. The company has a market capitalization of $14.02 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.
Stanley Black & Decker Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 136.07%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on SWK shares. Wells Fargo & Company increased their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Monday, April 20th. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $88.44.
Read Our Latest Stock Report on Stanley Black & Decker
About Stanley Black & Decker
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
- Five stocks we like better than Stanley Black & Decker
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.
