Neo Ivy Capital Management Purchases New Holdings in Stanley Black & Decker, Inc. $SWK

Neo Ivy Capital Management acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,224 shares of the industrial products company’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allen Wealth Management LLC lifted its holdings in shares of Stanley Black & Decker by 0.9% during the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock valued at $1,264,000 after purchasing an additional 160 shares during the last quarter. Parallel Advisors LLC increased its position in Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after buying an additional 171 shares in the last quarter. D.A. Davidson & CO. raised its stake in Stanley Black & Decker by 2.4% during the second quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock valued at $496,000 after buying an additional 172 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Stanley Black & Decker by 8.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 174 shares in the last quarter. Finally, RB Capital Management LLC grew its stake in shares of Stanley Black & Decker by 1.8% in the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SWK. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $66.14 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The business has a 50-day simple moving average of $70.33 and a two-hundred day simple moving average of $70.25. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $93.63.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.72 billion during the quarter. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 5.0%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.