Fiduciary Alliance LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 4,111 shares of the industrial products company’s stock, valued at approximately $330,000.
Several other large investors have also modified their holdings of the stock. Clean Energy Transition LLP lifted its holdings in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares during the last quarter. State Street Corp lifted its stake in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 14,394.0% in the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after buying an additional 390,941 shares during the period. FMR LLC increased its position in shares of Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. 87.77% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
SWK has been the subject of a number of recent analyst reports. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays reduced their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.25.
Stanley Black & Decker Stock Up 1.7 %
Shares of Stanley Black & Decker stock opened at $82.28 on Wednesday. The stock has a 50-day simple moving average of $84.59 and a 200-day simple moving average of $93.26. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of -60.06, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.
Stanley Black & Decker Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.99%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.
Stanley Black & Decker Profile
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.
Further Reading
- Five stocks we like better than Stanley Black & Decker
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- Dividend Payout Ratio Calculator
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK – Free Report).
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.