Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Xponance Inc.

Xponance Inc. lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,514 shares of the industrial products company’s stock after acquiring an additional 566 shares during the quarter. Xponance Inc.’s holdings in Stanley Black & Decker were worth $1,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC boosted its position in Stanley Black & Decker by 85.9% during the 1st quarter. Cerity Partners LLC now owns 36,800 shares of the industrial products company’s stock valued at $2,829,000 after purchasing an additional 17,008 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Stanley Black & Decker during the 1st quarter valued at approximately $73,000. Alps Advisors Inc. boosted its position in Stanley Black & Decker by 2.0% during the 1st quarter. Alps Advisors Inc. now owns 298,354 shares of the industrial products company’s stock valued at $22,937,000 after purchasing an additional 5,771 shares during the period. Allworth Financial LP boosted its position in Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 195 shares during the period. Finally, Regents Gate Capital LLP boosted its position in Stanley Black & Decker by 0.4% during the 1st quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company’s stock valued at $4,249,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SWK shares. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. Robert W. Baird lifted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $92.10.

Stanley Black & Decker Stock Down 2.5%

SWK opened at $69.79 on Wednesday. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The stock’s fifty day moving average is $67.78 and its 200-day moving average is $73.94. The company has a market capitalization of $10.80 billion, a PE ratio of 28.96, a P/E/G ratio of 1.37 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.10%.

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.