Raymond James Financial Inc. Invests $15.61 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Raymond James Financial Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 194,379 shares of the industrial products company’s stock, valued at approximately $15,607,000. Raymond James Financial Inc. owned about 0.13% of Stanley Black & Decker at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $36,000. Cape Investment Advisory Inc. raised its position in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Montag A & Associates Inc. purchased a new position in Stanley Black & Decker in the fourth quarter worth $44,000. Finally, Crews Bank & Trust purchased a new position in Stanley Black & Decker in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SWK shares. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays cut their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Down 0.3 %

SWK opened at $81.32 on Wednesday. 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 cap of $12.57 billion, a P/E ratio of 41.92, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The business’s fifty day simple moving average is $85.45 and its 200 day simple moving average is $91.16.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

About Stanley Black & Decker

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.