Knights of Columbus Asset Advisors LLC Invests $2.66 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 27,063 shares of the industrial products company’s stock, valued at approximately $2,655,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SWK. Venturi Wealth Management LLC bought a new position in Stanley Black & Decker in the 3rd quarter worth about $33,000. Achmea Investment Management B.V. bought a new position in Stanley Black & Decker in the 1st quarter worth about $36,000. ICA Group Wealth Management LLC bought a new position in Stanley Black & Decker in the 4th quarter worth about $37,000. Castleview Partners LLC boosted its stake in Stanley Black & Decker by 343.4% in 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 during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on 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. Robert W. Baird cut their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays raised their price target 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. lowered their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $89.32 on Friday. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of -42.94, a P/E/G ratio of 2.41 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, Inc. has a 1-year low of $73.87 and a 1-year high of $104.21. The stock’s 50-day moving average is $91.46 and its 200 day moving average is $90.72.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Stanley Black & Decker 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.