Summit Securities Group LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Summit Securities Group LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,700 shares of the industrial products company’s stock, valued at approximately $136,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $12,000,000. Allstate Corp acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $364,000. Pictet Asset Management Holding SA lifted its holdings in Stanley Black & Decker by 3.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 89,767 shares of the industrial products company’s stock worth $7,207,000 after acquiring an additional 3,044 shares in the last quarter. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $117,231,000. Finally, Blair William & Co. IL boosted its stake in shares of Stanley Black & Decker by 7.7% during the 4th quarter. Blair William & Co. IL now owns 10,020 shares of the industrial products company’s stock worth $804,000 after buying an additional 716 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWK. Barclays dropped their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Finally, UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $76.46 on Friday. The stock has a 50-day moving average price of $85.03 and a 200-day moving average price of $90.15. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.82 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $76.25 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued 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%. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.29%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Stanley Black & Decker Company 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 Outdoor and Industrial segments.