Focus Partners Advisor Solutions LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,171 shares of the industrial products company’s stock, valued at approximately $957,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $133,961,000. Confluence Investment Management LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth about $126,909,000. Freestone Grove Partners LP acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at about $95,602,000. Alyeska Investment Group L.P. lifted its position in Stanley Black & Decker by 5,996.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock worth $88,508,000 after acquiring an additional 1,171,995 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in Stanley Black & Decker by 698.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 765,835 shares of the industrial products company’s stock valued at $56,886,000 after acquiring an additional 669,956 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.
Stanley Black & Decker Trading Down 0.1%
Shares of NYSE:SWK opened at $101.95 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $91.20 and its 200 day moving average price is $82.53. The company has a market cap of $15.40 billion, a PE ratio of 24.87, a P/E/G ratio of 1.38 and a beta of 1.16. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68.
Stanley Black & Decker Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.3%. Stanley Black & Decker’s payout ratio is presently 80.98%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on SWK shares. Morgan Stanley set a $96.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 10th. 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 report on Thursday, June 18th. Wall Street Zen raised Stanley Black & Decker from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $93.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $91.56.
Read Our Latest Stock Analysis 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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