Traub Capital Management LLC Takes $133,000 Position in Stanley Black & Decker, Inc. $SWK

Traub Capital Management LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,960 shares of the industrial products company’s stock, valued at approximately $133,000.

Several other large investors have also bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Stanley Black & Decker in the first quarter worth approximately $26,000. Princeton Global Asset Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter valued at $25,000. Garde Capital Inc. increased its holdings in shares of Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Stanley Black & Decker by 87.5% in the second quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 272 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Stanley Black & Decker by 63.6% during the second quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after buying an additional 231 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SWK shares. UBS Group boosted their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Barclays dropped their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Stock Down 1.0%

Shares of SWK stock opened at $62.19 on Thursday. 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 $93.63. The stock has a market cap of $9.63 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.46 and a beta of 1.21. The company has a 50 day simple moving average of $70.90 and a two-hundred day simple moving average of $70.19.

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

Stanley Black & Decker Announces Dividend

The business 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is presently 114.88%.

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.