SlateStone Wealth LLC Has $654,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

SlateStone Wealth LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,147 shares of the industrial products company’s stock after purchasing an additional 250 shares during the quarter. SlateStone Wealth LLC’s holdings in Stanley Black & Decker were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Clean Energy Transition LLP raised its stake in shares of Stanley Black & Decker by 49.0% in the 3rd 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 period. State Street Corp increased its position in shares of Stanley Black & Decker by 6.5% in 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 acquiring an additional 549,531 shares during the last quarter. Amundi boosted its position in Stanley Black & Decker by 124.7% during the fourth quarter. Amundi now owns 807,859 shares of the industrial products company’s stock valued at $65,889,000 after purchasing an additional 448,411 shares during the last quarter. FMR LLC grew its stake in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares in the last quarter. Finally, National Pension Service increased its position in shares of Stanley Black & Decker by 485.1% during the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after purchasing an additional 240,752 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of a number of analyst reports. Citigroup dropped their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Barclays dropped their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Up 2.1 %

SWK stock opened at $81.07 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 1.33 and a beta of 1.25. The business’s fifty day moving average price is $85.48 and its two-hundred day moving average price is $91.46. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

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 Outdoor and Industrial segments.