ING Groep NV increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 213.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,590 shares of the industrial products company’s stock after purchasing an additional 43,999 shares during the period. ING Groep NV’s holdings in Stanley Black & Decker were worth $5,186,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth $36,000. Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $44,000. Crews Bank & Trust bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $49,000. R Squared Ltd bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $54,000. Finally, Sunbelt Securities Inc. boosted its holdings in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 513 shares during the period. 87.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.00.
Stanley Black & Decker Stock Performance
NYSE:SWK opened at $87.95 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $13.58 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The firm has a 50-day moving average price of $84.23 and a 200 day moving average price of $92.89.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current fiscal year.
Stanley Black & Decker Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.
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 and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.
Read More
- Five stocks we like better than Stanley Black & Decker
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 3 Stocks Poised to Thrive as NVIDIA Dominates the AI Boom
- Top Stocks Investing in 5G Technology
- MercadoLibre: High-Growth EM Stock With 100% Upside Potential
- Where to Find Earnings Call Transcripts
- As the Magnificent 7 Stalls, These 3 Stocks Are Gaining Momentum
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.