Federated Hermes Inc. Increases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Federated Hermes Inc. lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,647,932 shares of the industrial products company’s stock after purchasing an additional 22,933 shares during the period. Federated Hermes Inc. owned 1.07% of Stanley Black & Decker worth $161,662,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Achmea Investment Management B.V. purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $36,000. Venturi Wealth Management LLC purchased a new stake in Stanley Black & Decker during the third quarter worth $33,000. ICA Group Wealth Management LLC purchased a new stake in Stanley Black & Decker during the fourth quarter worth $37,000. 1832 Asset Management L.P. purchased a new stake in Stanley Black & Decker during the first quarter worth $69,000. Finally, Castleview Partners LLC lifted its holdings in Stanley Black & Decker by 343.4% during the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after buying an additional 388 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays upped their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Price Performance

Shares of SWK stock traded up $0.75 during mid-day trading on Thursday, hitting $90.08. 368,172 shares of the stock were exchanged, compared to its average volume of 1,277,645. The firm has a fifty day moving average of $91.45 and a 200 day moving average of $90.58. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The company has a market cap of $13.85 billion, a PE ratio of -43.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the company posted ($0.10) EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.