Cerity Partners LLC Acquires 17,008 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cerity Partners LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 85.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,800 shares of the industrial products company’s stock after buying an additional 17,008 shares during the period. Cerity Partners LLC’s holdings in Stanley Black & Decker were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SWK. Golden State Wealth Management LLC grew its position in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 296 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker in the 1st quarter valued at approximately $31,000. TD Private Client Wealth LLC boosted its holdings in shares of Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 382 shares during the period. Millstone Evans Group LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $40,000. Finally, CX Institutional bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth about $43,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SWK shares. Wall Street Zen raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Finally, Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.10.

Stanley Black & Decker Stock Performance

SWK opened at $70.12 on Friday. The stock has a market cap of $10.85 billion, a P/E ratio of 29.10, a P/E/G ratio of 1.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The firm has a fifty day moving average price of $68.31 and a 200 day moving average price of $73.78. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is presently 136.10%.

Stanley Black & Decker 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 Outdoor and Industrial segments.