Harbor Capital Advisors Inc. Makes New $1.39 Million Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Harbor Capital Advisors Inc. purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,257 shares of the industrial products company’s stock, valued at approximately $1,386,000.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after acquiring an additional 235,106 shares during the last quarter. Clean Energy Transition LLP lifted its position in Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after acquiring an additional 652,780 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after purchasing an additional 118,927 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.9 %

Shares of SWK stock opened at $80.04 on Monday. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The firm has a fifty day moving average price of $85.15 and a 200-day moving average price of $93.25. The company has a market cap of $12.34 billion, a price-to-earnings ratio of -58.42, a PEG ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a dividend of $0.82 per share. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays lowered their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley dropped their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.