Guyasuta Investment Advisors Inc. Makes New $234,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Guyasuta Investment Advisors Inc. acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,390 shares of the industrial products company’s stock, valued at approximately $234,000.

Several other hedge funds have also bought and sold shares of SWK. Venturi Wealth Management LLC purchased a new stake in Stanley Black & Decker in the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 80.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after buying an additional 231 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $44,000. ING Groep NV purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $45,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SWK. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Robert W. Baird reduced their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Up 1.4 %

Shares of NYSE:SWK opened at $90.97 on Tuesday. The business has a 50-day moving average price of $91.60 and a 200 day moving average price of $91.20. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of -43.74, a PEG ratio of 2.42 and a beta of 1.34. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

Stanley Black & Decker Profile

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.