Benjamin F. Edwards & Company Inc. Boosts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Posted by Defense World Staff on May 9th, 2023

Benjamin F. Edwards & Company Inc. increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 548.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 863 shares of the industrial products company’s stock after purchasing an additional 730 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Stanley Black & Decker were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in Stanley Black & Decker during the 1st quarter worth about $36,000. General Partner Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $25,000. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $30,000. 1832 Asset Management L.P. purchased a new stake in Stanley Black & Decker in the 1st quarter valued at about $69,000. Finally, Sargent Bickham Lagudis LLC grew 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 valued at $38,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Stanley Black & Decker Trading Down 1.5 %

Shares of SWK stock opened at $84.21 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.40 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 1 year low of $70.24 and a 1 year high of $127.31. The stock has a fifty day moving average of $80.45 and a two-hundred day moving average of $81.35. The firm has a market capitalization of $12.89 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 12.83 and a beta of 1.30.

Stanley Black & Decker (NYSE:SWK – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The industrial products company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.32. Stanley Black & Decker had a return on equity of 3.45% and a net margin of 4.22%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 0.74 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 5th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, June 2nd. Stanley Black & Decker’s payout ratio is 71.59%.

Insiders Place Their Bets

In other news, SVP Janet Link sold 2,581 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $85.73, for a total transaction of $221,269.13. Following the transaction, the senior vice president now owns 36,352 shares of the company’s stock, valued at approximately $3,116,456.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Stanley Black & Decker from $99.00 to $83.00 and set a “hold” rating on the stock in a research note on Wednesday, April 12th. Barclays boosted their price target on Stanley Black & Decker from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Sunday, February 5th. StockNews.com lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, April 7th. Longbow Research lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Friday, February 3rd. Finally, Morgan Stanley cut their target price on Stanley Black & Decker from $97.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.33.

Stanley Black & Decker Company Profile

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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.