Blueshift Asset Management LLC Takes $1.17 Million Position in Stanley Black & Decker, Inc. $SWK

Blueshift Asset Management LLC acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,311 shares of the industrial products company’s stock, valued at approximately $1,173,000.

Several other hedge funds have also bought and sold shares of SWK. Allen Wealth Management LLC grew its stake in Stanley Black & Decker by 0.9% in the 2nd quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 160 shares in the last quarter. Parallel Advisors LLC grew its position in Stanley Black & Decker by 15.0% in the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 171 shares in the last quarter. D.A. Davidson & CO. increased its stake in Stanley Black & Decker by 2.4% in the second quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 172 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Stanley Black & Decker by 8.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 174 shares in the last quarter. Finally, RB Capital Management LLC lifted its stake in Stanley Black & Decker by 1.8% during the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 175 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 1.4%

Shares of SWK opened at $70.48 on Tuesday. The stock has a market capitalization of $10.92 billion, a P/E ratio of 22.38, a PEG ratio of 1.46 and a beta of 1.21. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $91.06. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $69.49 and a two-hundred day simple moving average of $70.40.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The firm had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $88.10.

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.