Palisade Asset Management LLC Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Palisade Asset Management LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,336 shares of the industrial products company’s stock after purchasing an additional 492 shares during the period. Palisade Asset Management LLC’s holdings in Stanley Black & Decker were worth $523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $2,593,000. Charles Schwab Investment Management Inc. raised its stake in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after buying an additional 13,540 shares during the last quarter. Vest Financial LLC boosted its position in shares of Stanley Black & Decker by 44.0% in the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after buying an additional 103,403 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Stanley Black & Decker during the 3rd quarter valued at about $1,605,000. Finally, Manchester Financial Inc. acquired a new position in Stanley Black & Decker during the fourth quarter worth about $2,067,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $97.00.

Stanley Black & Decker Trading Up 0.3 %

Shares of Stanley Black & Decker stock traded up $0.28 during trading hours on Tuesday, reaching $87.29. The stock had a trading volume of 1,491,030 shares, compared to its average volume of 1,439,400. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The firm has a 50 day simple moving average of $91.55 and a two-hundred day simple moving average of $91.52. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of -126.51, a P/E/G ratio of 2.31 and a beta of 1.33.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business posted ($0.41) EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.