Stanley Black & Decker, Inc. (NYSE:SWK) Stake Lifted by Glenview Trust co

Glenview Trust co raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,863 shares of the industrial products company’s stock after buying an additional 575 shares during the quarter. Glenview Trust co’s holdings in Stanley Black & Decker were worth $2,398,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SWK. Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares during the period. State Street Corp increased its holdings in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the period. Amundi lifted its holdings in Stanley Black & Decker by 124.7% in the fourth quarter. Amundi now owns 807,859 shares of the industrial products company’s stock worth $65,889,000 after purchasing an additional 448,411 shares during the period. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after acquiring an additional 240,752 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 2.1 %

Shares of NYSE SWK opened at $81.07 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business has a 50-day moving average price of $85.48 and a two-hundred day moving average price of $91.46. The firm has a market capitalization of $12.52 billion, a PE ratio of 41.79, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

Analyst Ratings Changes

Several brokerages recently commented on SWK. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Barclays cut their price target on shares of 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. UBS Group reduced their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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 Outdoor and Industrial segments.