Godsey & Gibb Inc. Raises Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Godsey & Gibb Inc. lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 152,440 shares of the industrial products company’s stock after buying an additional 8,570 shares during the period. Godsey & Gibb Inc.’s holdings in Stanley Black & Decker were worth $12,239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $5,143,000. Fiduciary Financial Group LLC boosted its holdings in shares of Stanley Black & Decker by 31.8% during the 4th quarter. Fiduciary Financial Group LLC now owns 3,728 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 899 shares during the last quarter. Moody National Bank Trust Division grew its position in Stanley Black & Decker by 32.3% in the 4th quarter. Moody National Bank Trust Division now owns 2,862 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 699 shares during the period. Fiduciary Alliance LLC purchased a new stake in Stanley Black & Decker during the fourth quarter valued at $330,000. Finally, City Center Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $303,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $83.41 on Thursday. The company has a 50-day moving average price of $84.59 and a 200 day moving average price of $93.26. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.93%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Analysts Set New Price Targets

SWK has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley reduced their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays dropped their target price on 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, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.25.

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.