Polianta Ltd purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,700 shares of the industrial products company’s stock, valued at approximately $1,611,000. Stanley Black & Decker makes up about 0.2% of Polianta Ltd’s investment portfolio, making the stock its 26th largest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of SWK. Norges Bank purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $107,111,000. Ameriprise Financial Inc. increased its holdings in shares of Stanley Black & Decker by 49.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after acquiring an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in Stanley Black & Decker during the 3rd quarter worth $95,602,000. Strive Asset Management LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at about $78,480,000. Finally, Clean Energy Transition LLP lifted its stake in Stanley Black & Decker by 56.8% in the third quarter. Clean Energy Transition LLP now owns 2,799,218 shares of the industrial products company’s stock valued at $208,066,000 after buying an additional 1,013,756 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
Stanley Black & Decker Trading Down 2.0%
Shares of Stanley Black & Decker stock opened at $67.45 on Tuesday. The company has a 50-day moving average of $80.48 and a two-hundred day moving average of $75.50. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.37. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The stock has a market cap of $10.47 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18.
Stanley Black & Decker Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Stanley Black & Decker’s dividend payout ratio is 125.28%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SWK. UBS Group decreased their target price on shares of Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. The Goldman Sachs Group reissued a “neutral” rating and issued a $84.00 target price on shares of Stanley Black & Decker in a report on Thursday, February 5th. Argus raised Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.89.
Get Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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