Jones Financial Companies Lllp Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Jones Financial Companies Lllp boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 52.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,139 shares of the industrial products company’s stock after acquiring an additional 22,156 shares during the period. Jones Financial Companies Lllp’s holdings in Stanley Black & Decker were worth $5,150,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $36,000. Cape Investment Advisory Inc. increased its position in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares during the period. SRS Capital Advisors Inc. lifted its stake in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Finally, Crews Bank & Trust purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays lowered their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Trading Down 3.1 %

Shares of SWK stock opened at $81.46 on Wednesday. The business’s fifty day moving average price is $84.96 and its 200 day moving average price is $92.32. The firm has a market capitalization of $12.58 billion, a PE ratio of 41.99, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

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.