Valley Brook Capital Group Makes New $53,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)


Share on StockTwits

Valley Brook Capital Group purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 300 shares of the industrial products company’s stock, valued at approximately $53,000.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Stanley Black & Decker by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 13,344,450 shares of the industrial products company’s stock valued at $2,382,785,000 after acquiring an additional 1,485,347 shares during the last quarter. BlackRock Inc. lifted its position in Stanley Black & Decker by 2.0% during the fourth quarter. BlackRock Inc. now owns 10,651,235 shares of the industrial products company’s stock valued at $1,901,885,000 after purchasing an additional 203,737 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Stanley Black & Decker by 1.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,423,673 shares of the industrial products company’s stock worth $968,452,000 after buying an additional 88,408 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Stanley Black & Decker by 3.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,647,191 shares of the industrial products company’s stock valued at $651,242,000 after acquiring an additional 111,107 shares during the last quarter. Finally, Morgan Stanley increased its stake in Stanley Black & Decker by 131.4% during the fourth quarter. Morgan Stanley now owns 1,719,735 shares of the industrial products company’s stock worth $307,075,000 after acquiring an additional 976,663 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 3,304 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $190.53, for a total transaction of $629,511.12. Following the sale, the executive vice president now owns 25,090 shares of the company’s stock, valued at approximately $4,780,397.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Shares of NYSE:SWK opened at $200.24 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $97.64 and a 52-week high of $204.70. The stock has a market cap of $32.22 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.68 and a beta of 1.47. The business’s 50 day moving average is $188.72 and its 200 day moving average is $178.88. The company has a quick ratio of 0.69, a current ratio of 1.37 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, January 27th. The industrial products company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.31. Stanley Black & Decker had a return on equity of 15.05% and a net margin of 6.98%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. Stanley Black & Decker’s revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 8.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Tuesday, March 9th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, March 8th. This represents a $2.80 annualized dividend and a yield of 1.40%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.33%.

A number of equities research analysts have issued reports on SWK shares. Morgan Stanley decreased their price objective on Stanley Black & Decker from $220.00 to $217.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 12th. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $200.00 to $206.00 and gave the company a “neutral” rating in a research report on Wednesday. Credit Suisse Group upped their price objective on Stanley Black & Decker from $177.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 29th. Citigroup upped their price objective on Stanley Black & Decker from $203.00 to $215.00 in a research report on Friday, January 29th. Finally, Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating and set a $195.00 price objective on the stock. in a research report on Tuesday, January 5th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and an average target price of $189.71.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Featured Article: Are sell-side analysts objective?

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).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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.