Tectonic Advisors LLC Buys 223 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Tectonic Advisors LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,903 shares of the industrial products company’s stock after purchasing an additional 223 shares during the period. Tectonic Advisors LLC’s holdings in Stanley Black & Decker were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. lifted its position in Stanley Black & Decker by 3.5% during the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 96 shares during the period. Kinneret Advisory LLC lifted its position in Stanley Black & Decker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its position in Stanley Black & Decker by 15.4% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 102 shares during the period. Cetera Investment Advisers increased its holdings in Stanley Black & Decker by 4.5% during the first quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after buying an additional 112 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in Stanley Black & Decker by 0.6% during the third quarter. Crestwood Advisors Group LLC now owns 20,768 shares of the industrial products company’s stock valued at $1,736,000 after buying an additional 126 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $93.48 on Wednesday. The firm has a fifty day moving average price of $91.08 and a 200-day moving average price of $89.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The stock has a market cap of $14.38 billion, a PE ratio of -44.94, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Stanley Black & Decker, Inc. has a 1 year low of $73.27 and a 1 year high of $104.21.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.06 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given 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 3.47%. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.60.

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.