Mission Creek Capital Partners Inc. boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 17.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,850 shares of the industrial products company’s stock after acquiring an additional 1,327 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Stanley Black & Decker were worth $713,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Achmea Investment Management B.V. purchased a new stake in Stanley Black & Decker in the first quarter valued at $36,000. Capital Analysts LLC purchased a new stake in Stanley Black & Decker in the first quarter valued at $27,000. M&R Capital Management Inc. lifted its position in Stanley Black & Decker by 83.6% in the first quarter. M&R Capital Management Inc. now owns 347 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 158 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in Stanley Black & Decker in the fourth quarter valued at $34,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Stanley Black & Decker by 60.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 486 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 184 shares during the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Janet Link sold 3,081 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the transaction, the senior vice president now owns 32,690 shares of the company’s stock, valued at approximately $3,228,464.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.
Stanley Black & Decker Stock Down 1.4 %
Shares of NYSE SWK opened at $90.99 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $70.24 and a 1 year high of $104.21. The firm’s 50 day moving average price is $94.72 and its 200 day moving average price is $86.60. The firm has a market cap of $13.94 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 6.08 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.28.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.25. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.14 billion. Stanley Black & Decker had a net margin of 4.84% and a return on equity of 0.26%. Stanley Black & Decker’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 1 earnings per share for the current year.
Stanley Black & Decker Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.81 per share. The ex-dividend date is Friday, September 1st. This represents a $3.24 dividend on an annualized basis and a yield of 3.56%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.80. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 63.78%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SWK shares. StockNews.com cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Morgan Stanley increased their price target on shares of Stanley Black & Decker from $90.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Citigroup increased their price target on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Finally, Wolfe Research lowered shares of Stanley Black & Decker from a “peer perform” rating to an “underperform” rating and set a $94.00 target price on the stock. in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $97.36.
Read Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Profile
(Free Report)
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
See Also
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