2,156 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,156 shares of the industrial products company’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. Panagora Asset Management Inc. grew its stake in shares of Stanley Black & Decker by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after acquiring an additional 96 shares in the last quarter. Kinneret Advisory LLC grew its stake in shares of Stanley Black & Decker by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Stanley Black & Decker by 15.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 102 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Stanley Black & Decker by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 112 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of Stanley Black & Decker by 0.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 20,768 shares of the industrial products company’s stock worth $1,736,000 after acquiring an additional 126 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $99.44.

Stanley Black & Decker Trading Down 0.7 %

NYSE SWK opened at $90.18 on Wednesday. The stock has a 50 day moving average of $91.46 and a 200-day moving average of $90.59. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The company has a market cap of $13.87 billion, a PE ratio of -43.36, a PEG ratio of 2.47 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the firm posted ($0.10) EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.