Commerce Bank Purchases 4,165 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Commerce Bank increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,442 shares of the industrial products company’s stock after purchasing an additional 4,165 shares during the period. Commerce Bank’s holdings in Stanley Black & Decker were worth $6,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. M&T Bank Corp increased its position in shares of Stanley Black & Decker by 0.3% during the fourth quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock valued at $3,705,000 after purchasing an additional 113 shares during the period. Crestwood Advisors Group LLC increased its position in shares of Stanley Black & Decker by 0.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares during the period. Kinloch Capital LLC increased its position in shares of Stanley Black & Decker by 0.4% during the third quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 141 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the period. Finally, Wahed Invest LLC boosted its stake in Stanley Black & Decker by 7.5% in the 3rd quarter. Wahed Invest LLC now owns 2,381 shares of the industrial products company’s stock valued at $199,000 after buying an additional 167 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Barclays decreased their price target on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.00.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $86.13 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a market cap of $13.25 billion, a P/E ratio of -124.82, a P/E/G ratio of 2.34 and a beta of 1.33. The business’s fifty day moving average is $91.21 and its two-hundred day moving average is $91.98. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.76%. Stanley Black & Decker’s payout ratio is currently -469.56%.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.