Naples Global Advisors LLC decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,459 shares of the industrial products company’s stock after selling 909 shares during the period. Naples Global Advisors LLC’s holdings in Stanley Black & Decker were worth $786,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. General Partner Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $25,000. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker during the 4th quarter valued at $30,000. Achmea Investment Management B.V. bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $36,000. Clearstead Advisors LLC boosted its stake in shares of Stanley Black & Decker by 166.4% during the 2nd quarter. Clearstead Advisors LLC now owns 349 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 218 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Stanley Black & Decker by 143.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 700 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SWK. Citigroup upgraded Stanley Black & Decker from a “sell” rating to a “neutral” rating and lifted their price target for the company from $69.00 to $106.00 in a report on Friday, February 3rd. They noted that the move was a valuation call. Credit Suisse Group boosted their price objective on Stanley Black & Decker from $79.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. UBS Group lowered their price target on Stanley Black & Decker from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 16th. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $93.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Finally, Mizuho upped their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $98.75.
Stanley Black & Decker Price Performance
Stanley Black & Decker (NYSE:SWK – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.23. Stanley Black & Decker had a net margin of 6.24% and a return on equity of 8.08%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the business posted $2.14 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 0.83 earnings per share for the current fiscal year.
Stanley Black & Decker Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 7th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 6th. This represents a $3.20 annualized dividend and a dividend yield of 4.11%. Stanley Black & Decker’s dividend payout ratio is presently 47.13%.
Insider Activity at Stanley Black & Decker
In other Stanley Black & Decker news, SVP Janet Link sold 2,581 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $85.73, for a total transaction of $221,269.13. Following the sale, the senior vice president now owns 36,352 shares of the company’s stock, valued at $3,116,456.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by insiders.
About Stanley Black & Decker
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 Storage segment, and Industrial segment.
Featured Articles
- Get a free copy of the StockNews.com research report on Stanley Black & Decker (SWK)
- Dave & Buster’s Rebound Could Score for Investors
- Cal-Maine: Is it Time to Chase this Stock Higher?
- The Most Important Warren Buffett Stock for Investors: His Own
- Three Mid Caps Wall Street Sees Doubling Within 12 Months
- It’s No Stretch: Lululemon Could Break Out of its Range
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.
