International Assets Investment Management LLC Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Posted by Defense World Staff on Apr 15th, 2023

International Assets Investment Management LLC raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 2,510.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,242 shares of the industrial products company’s stock after buying an additional 99,287 shares during the period. International Assets Investment Management LLC owned about 0.07% of Stanley Black & Decker worth $340,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. General Partner Inc. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $25,000. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $30,000. Achmea Investment Management B.V. purchased a new position in Stanley Black & Decker in the 1st quarter worth approximately $36,000. Sargent Bickham Lagudis LLC raised its holdings in Stanley Black & Decker by 75.3% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 512 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Stanley Black & Decker by 143.1% in 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 during the last quarter. 88.01% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 0.2 %

Shares of Stanley Black & Decker stock opened at $79.42 on Friday. The company has a market capitalization of $12.16 billion, a P/E ratio of 11.70, a P/E/G ratio of 10.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.32 and a current ratio of 1.21. The company has a fifty day moving average of $82.16 and a 200 day moving average of $80.76. Stanley Black & Decker, Inc. has a fifty-two week low of $70.24 and a fifty-two week high of $147.37.

Stanley Black & Decker (NYSE:SWK – Get Rating) last issued its earnings results on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.23. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.88 billion. Stanley Black & Decker had a net margin of 6.24% and a return on equity of 8.08%. Stanley Black & Decker’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.14 EPS. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 0.77 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Tuesday, March 7th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.03%. The ex-dividend date was Monday, March 6th. Stanley Black & Decker’s payout ratio is currently 47.13%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SWK shares. Mizuho boosted their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 13th. Wells Fargo & Company boosted their target price on shares of 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. StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. Longbow Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Stanley Black & Decker from $99.00 to $83.00 and set a “hold” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $97.42.

Insiders Place Their Bets

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 value of $221,269.13. Following the sale, the senior vice president now owns 36,352 shares in the company, valued at approximately $3,116,456.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Company Profile

(Get Rating)

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.