Clean Energy Transition LLP Has $188.81 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Clean Energy Transition LLP boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,014,824 shares of the industrial products company’s stock after buying an additional 405,814 shares during the quarter. Stanley Black & Decker makes up about 25.8% of Clean Energy Transition LLP’s portfolio, making the stock its biggest position. Clean Energy Transition LLP owned about 1.31% of Stanley Black & Decker worth $188,809,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SWK. Capital Analysts LLC bought a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $27,000. Achmea Investment Management B.V. bought a new position in Stanley Black & Decker in the first quarter valued at approximately $36,000. ICA Group Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $37,000. Castleview Partners LLC raised its stake in shares of Stanley Black & Decker by 343.4% during the 1st quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 388 shares in the last quarter. Finally, TCTC Holdings LLC acquired a new stake in shares of Stanley Black & Decker in the 1st quarter valued at approximately $43,000. Institutional investors own 90.47% of the company’s stock.

Stanley Black & Decker Trading Down 2.1 %

SWK stock traded down $1.92 on Tuesday, reaching $89.62. The company’s stock had a trading volume of 197,980 shares, compared to its average volume of 1,621,278. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.42 and a current ratio of 1.30. The business has a fifty day simple moving average of $83.79 and a two-hundred day simple moving average of $87.82. The firm has a market cap of $13.74 billion, a PE ratio of -234.71, a PEG ratio of 6.03 and a beta of 1.32. Stanley Black & Decker, Inc. has a 12-month low of $71.27 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.22. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Stanley Black & Decker had a negative net margin of 0.35% and a positive return on equity of 0.70%. Stanley Black & Decker’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 1.26 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.24 annualized dividend and a dividend yield of 3.62%. Stanley Black & Decker’s dividend payout ratio (DPR) is -830.75%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research analyst reports. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Mizuho raised their price target on Stanley Black & Decker from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $102.00 to $82.00 in a report on Monday, October 9th. Morgan Stanley raised their target price on shares of Stanley Black & Decker from $90.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.80.

Stanley Black & Decker Profile

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.