Simplicity Solutions LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Simplicity Solutions LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,353 shares of the industrial products company’s stock, valued at approximately $427,000.

Other large investors also recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new position in shares of Stanley Black & Decker during the first quarter valued at $36,000. Venturi Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at $33,000. ICA Group Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at $37,000. 1832 Asset Management L.P. acquired a new position in shares of Stanley Black & Decker during the first quarter valued at $69,000. Finally, Castleview Partners LLC boosted its stake in Stanley Black & Decker by 343.4% during the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after buying an additional 388 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 0.0 %

Shares of NYSE SWK opened at $89.32 on Friday. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The business has a 50-day moving average price of $91.45 and a two-hundred day moving average price of $90.57.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the company posted ($0.10) EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWK. Robert W. Baird decreased their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Barclays raised their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.