Allen Wealth Management LLC Buys 601 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Allen Wealth Management LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,780 shares of the industrial products company’s stock after purchasing an additional 601 shares during the quarter. Stanley Black & Decker comprises 1.0% of Allen Wealth Management LLC’s holdings, making the stock its 22nd largest holding. Allen Wealth Management LLC’s holdings in Stanley Black & Decker were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Americana Partners LLC grew its position in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after buying an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Stanley Black & Decker in the fourth quarter worth $1,386,000. Avanza Fonder AB acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $1,287,000. State Street Corp lifted its holdings in shares of 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 during the last quarter. Finally, FMR LLC boosted its position in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SWK shares. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Barclays cut their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. 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 stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Up 1.0 %

Shares of SWK stock opened at $76.93 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $71.67 and a twelve month high of $110.88. The stock has a 50 day moving average of $84.49 and a 200 day moving average of $89.69. The stock has a market cap of $11.89 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.26%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Stanley Black & Decker Company 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 Outdoor and Industrial segments.