Ellsworth Advisors LLC Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Ellsworth Advisors LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,801 shares of the industrial products company’s stock after buying an additional 1,157 shares during the period. Ellsworth Advisors LLC’s holdings in Stanley Black & Decker were worth $1,188,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Stanley Black & Decker by 12.2% in the second quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 1,416 shares during the period. Envestnet Asset Management Inc. grew its stake in Stanley Black & Decker by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 82,613 shares of the industrial products company’s stock valued at $6,600,000 after acquiring an additional 8,298 shares during the period. Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Amalgamated Bank lifted its holdings in Stanley Black & Decker by 24.6% during the second quarter. Amalgamated Bank now owns 39,942 shares of the industrial products company’s stock valued at $3,191,000 after purchasing an additional 7,883 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at about $382,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the topic of a number of research reports. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Trading Up 0.4 %

SWK stock opened at $84.34 on Monday. The business’s 50-day moving average is $84.14 and its two-hundred day moving average is $93.27. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. 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 announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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 Storage segment, and Industrial segment.