Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,801 shares of the industrial products company’s stock after acquiring an additional 1,157 shares during the period. Ellsworth Advisors LLC’s holdings in Stanley Black & Decker were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Clean Energy Transition LLP lifted its position in Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares during the period. State Street Corp lifted its holdings in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Stanley Black & Decker by 14,394.0% in the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after buying an additional 390,941 shares in the last quarter. FMR LLC grew its holdings in Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWK. 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 on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price target on 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. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $84.34 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a fifty day moving average of $84.14 and a two-hundred day moving average of $93.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.89%. Stanley Black & Decker’s payout ratio is currently -239.42%.

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 Storage segment, and Industrial segment.