WBI Investments LLC Purchases New Shares in Stanley Black & Decker, Inc. $SWK

WBI Investments LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,532 shares of the industrial products company’s stock, valued at approximately $917,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Stanley Black & Decker in the first quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $25,000. Garde Capital Inc. raised its position 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 worth $35,000 after purchasing an additional 321 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Stanley Black & Decker by 87.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after buying an additional 272 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Stanley Black & Decker by 63.6% in the 2nd 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. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the subject of a number of recent research reports. 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. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Trading Down 1.3%

NYSE:SWK opened at $62.86 on Wednesday. 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 1-year low of $53.91 and a 1-year high of $93.63. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.46 and a beta of 1.21. The business’s 50-day moving average price is $71.20 and its two-hundred day moving average price is $70.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results 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. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 5.3%. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Stanley Black & Decker Profile

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.