JB Capital LLC Has $445,000 Stake in Stanley Black & Decker, Inc. $SWK

JB Capital LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,571 shares of the industrial products company’s stock after acquiring an additional 735 shares during the period. JB Capital LLC’s holdings in Stanley Black & Decker were worth $445,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 296 shares during the last quarter. 1248 Management LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $31,000. TD Private Client Wealth LLC grew its holdings in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock valued at $33,000 after buying an additional 382 shares during the last quarter. Finally, Garde Capital Inc. grew its holdings in Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $64.37 on Friday. The stock has a 50 day moving average of $74.23 and a two-hundred day moving average of $69.21. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $109.91. The company has a market capitalization of $9.96 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.45 and a beta of 1.19.

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

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 5.2%. Stanley Black & Decker’s dividend payout ratio is 105.40%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Finally, Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $89.90.

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.