CAPROCK Group Inc. Takes $248,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

CAPROCK Group Inc. acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,212 shares of the industrial products company’s stock, valued at approximately $248,000.

A number of other hedge funds have also recently bought and sold shares of SWK. Ten Capital Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 50.0% during the first quarter. Ten Capital Wealth Advisors LLC now owns 150 shares of the industrial products company’s stock valued at $29,000 after buying an additional 50 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Stanley Black & Decker by 396.9% during the first quarter. Zions Bancorporation N.A. now owns 159 shares of the industrial products company’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Stanley Black & Decker by 55.6% during the second quarter. Jones Financial Companies Lllp now owns 168 shares of the industrial products company’s stock valued at $34,000 after buying an additional 60 shares in the last quarter. Credit Agricole S A purchased a new stake in Stanley Black & Decker during the first quarter valued at about $40,000. Finally, Berman Capital Advisors LLC lifted its stake in Stanley Black & Decker by 230.4% during the second quarter. Berman Capital Advisors LLC now owns 261 shares of the industrial products company’s stock valued at $53,000 after buying an additional 182 shares in the last quarter. 84.69% of the stock is owned by institutional investors.

Shares of SWK stock opened at $173.30 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $161.80 and a 12 month high of $225.00. The company has a quick ratio of 0.53, a current ratio of 1.21 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $187.45 and its two-hundred day moving average is $199.58. The company has a market cap of $28.24 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 26th. The industrial products company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.89 by $0.19. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Stanley Black & Decker had a return on equity of 20.65% and a net margin of 10.80%. Stanley Black & Decker’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period last year, the business earned $1.60 earnings per share. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 11.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 21st. Investors of record on Tuesday, September 7th were given a $0.79 dividend. The ex-dividend date was Friday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.70. This represents a $3.16 annualized dividend and a dividend yield of 1.82%. Stanley Black & Decker’s payout ratio is currently 34.96%.

SWK has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Stanley Black & Decker in a research report on Thursday, October 7th. They issued an “overweight” rating and a $227.00 price target for the company. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $234.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, October 7th. G.Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Thursday, June 17th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, July 14th. Finally, Vertical Research started coverage on Stanley Black & Decker in a report on Friday, October 8th. They issued a “buy” rating and a $227.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $217.08.

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 & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

Further Reading: How analysts view the yield curve

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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