Bcwm LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,549 shares of the industrial products company’s stock, valued at approximately $9,652,000. Stanley Black & Decker comprises 2.8% of Bcwm LLC’s holdings, making the stock its 11th biggest holding. Bcwm LLC owned approximately 0.07% of Stanley Black & Decker at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Gallagher Fiduciary Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $282,000. Man Group plc acquired a new stake in Stanley Black & Decker during the 2nd quarter valued at $15,667,000. Jupiter Topco LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter valued at $6,391,000. Hsbc Holdings PLC bought a new position in Stanley Black & Decker during the second quarter worth $19,610,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Stanley Black & Decker in the second quarter valued at $17,384,000. 87.77% of the stock is owned by institutional investors and hedge funds.
Stanley Black & Decker Stock Up 1.4%
SWK opened at $99.87 on Thursday. The stock has a fifty day moving average of $93.97 and a 200-day moving average of $83.55. The company has a market capitalization of $15.08 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.32 and a beta of 1.16. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $104.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43.
Stanley Black & Decker Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 8th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 80.98%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, June 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 29th. Robert W. Baird set a $84.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, April 30th. Finally, Citigroup upped their target price on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $92.25.
View Our Latest Research Report on SWK
Stanley Black & Decker Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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