Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 70.0% during the fourth quarter, Holdings Channel reports. The firm owned 81,030 shares of the industrial products company’s stock after acquiring an additional 33,366 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $6,506,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Empirical Finance LLC raised its holdings in shares of Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after purchasing an additional 111 shares during the period. Advisors Management Group Inc. ADV grew its position in shares of Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares during the last quarter. MML Investors Services LLC grew its position in shares of Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after acquiring an additional 127 shares during the last quarter. Assetmark Inc. grew its position in shares of Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after acquiring an additional 130 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after acquiring an additional 149 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $87.95 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. 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 capitalization of $13.58 billion, a PE ratio of 45.34, a P/E/G ratio of 1.33 and a beta of 1.24. The firm has a 50-day moving average price of $84.33 and a 200 day moving average price of $92.81.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWK. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday. They set a “buy” rating and a $103.00 price target for the company. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. UBS Group lowered their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of 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, Barclays decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.00.

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.