CoreCap Advisors LLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 689 shares of the industrial products company’s stock, valued at approximately $52,000.
Several other hedge funds also recently made changes to their positions in SWK. Vanguard Group Inc. boosted its position in Stanley Black & Decker by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after purchasing an additional 2,774,661 shares during the period. State Street Corp boosted its position in Stanley Black & Decker by 7.4% during the 3rd quarter. State Street Corp now owns 8,414,788 shares of the industrial products company’s stock valued at $632,876,000 after purchasing an additional 578,581 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,039,425 shares of the industrial products company’s stock valued at $604,645,000 after purchasing an additional 59,090 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 271.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 7,554,260 shares of the industrial products company’s stock valued at $568,157,000 after purchasing an additional 5,523,022 shares during the period. Finally, Cooke & Bieler LP boosted its position in Stanley Black & Decker by 1.9% during the 3rd quarter. Cooke & Bieler LP now owns 2,277,776 shares of the industrial products company’s stock valued at $171,312,000 after purchasing an additional 42,025 shares during the period. Institutional investors and hedge funds own 88.01% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on SWK shares. Credit Suisse Group boosted their price objective on Stanley Black & Decker from $79.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $105.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 13th. StockNews.com started coverage on Stanley Black & Decker in a research note on Thursday, May 18th. They set a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft cut their target price 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. Finally, UBS Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.33.
Stanley Black & Decker Stock Down 3.2 %
Stanley Black & Decker (NYSE:SWK – Get Rating) last announced its 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. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 3.45% and a net margin of 4.22%. Stanley Black & Decker’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 0.89 EPS for the current fiscal year.
Stanley Black & Decker Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 5th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Friday, June 2nd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 71.59%.
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.
Read More
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