SG Americas Securities LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 1,282.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,098 shares of the industrial products company’s stock after purchasing an additional 66,882 shares during the period. SG Americas Securities LLC’s holdings in Stanley Black & Decker were worth $5,355,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tred Avon Family Wealth LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at approximately $939,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Stanley Black & Decker by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock worth $237,813,000 after acquiring an additional 17,084 shares during the last quarter. Godsey & Gibb Inc. increased its position in shares of Stanley Black & Decker by 14.6% during the third quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock worth $15,794,000 after purchasing an additional 27,140 shares in the last quarter. Baird Financial Group Inc. raised its stake in Stanley Black & Decker by 773.1% in the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock valued at $3,610,000 after purchasing an additional 47,176 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Stanley Black & Decker by 48.1% in the 2nd quarter. Osaic Holdings Inc. now owns 44,816 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 14,550 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Stanley Black & Decker Stock Up 0.1%
NYSE SWK opened at $71.15 on Thursday. The business’s fifty day simple moving average is $80.04 and its 200-day simple moving average is $75.42. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. The firm has a market cap of $11.05 billion, a PE ratio of 26.85, a P/E/G ratio of 1.02 and a beta of 1.20. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.37.
Stanley Black & Decker Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Stanley Black & Decker’s payout ratio is presently 125.28%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Barclays decreased their price target on shares of Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird boosted their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. Argus upgraded shares of Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.33.
Get Our Latest Stock Report on SWK
Stanley Black & Decker 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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