Nwam LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,676 shares of the industrial products company’s stock, valued at approximately $1,005,000.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $1,006,417,000. Norges Bank acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $133,961,000. Confluence Investment Management LLC bought a new stake in shares of Stanley Black & Decker in the second quarter valued at about $126,909,000. Bank of New York Mellon Corp bought a new position in Stanley Black & Decker during the second quarter worth about $123,843,000. Finally, Freestone Grove Partners LP acquired a new stake in Stanley Black & Decker in the 3rd quarter worth about $95,602,000. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Trading Up 2.5%
SWK opened at $96.84 on Thursday. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.45 and a beta of 1.17. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company’s 50 day moving average price is $95.01 and its two-hundred day moving average price is $83.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.
Stanley Black & Decker Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.84 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, September 8th. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 80.98%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on SWK shares. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. Morgan Stanley set a $96.00 target price on Stanley Black & Decker in a report on Monday, August 10th. Citigroup raised their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings upgraded shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.25.
View Our Latest Stock Report on Stanley Black & Decker
Stanley Black & Decker Company 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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