IFP Advisors Inc Acquires 1,125 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

IFP Advisors Inc lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 78.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,554 shares of the industrial products company’s stock after acquiring an additional 1,125 shares during the quarter. IFP Advisors Inc’s holdings in Stanley Black & Decker were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Clean Energy Transition LLP raised its holdings in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. State Street Corp raised its holdings in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the last quarter. FMR LLC raised its holdings in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares in the last quarter. Finally, KBC Group NV raised its holdings in Stanley Black & Decker by 886.5% in the 4th quarter. KBC Group NV now owns 224,818 shares of the industrial products company’s stock worth $18,050,000 after purchasing an additional 202,028 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on SWK shares. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Barclays decreased their price objective 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. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Down 2.9 %

NYSE:SWK opened at $84.02 on Tuesday. The firm’s 50-day moving average price is $84.95 and its 200-day moving average price is $92.43. The company has a market capitalization of $12.97 billion, a PE ratio of 43.31, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 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.