SeaBridge Investment Advisors LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,999 shares of the industrial products company’s stock after acquiring an additional 240 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $615,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Alpha DNA Investment Management LLC boosted its stake in Stanley Black & Decker by 294.3% in the first quarter. Alpha DNA Investment Management LLC now owns 138 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Ten Capital Wealth Advisors LLC grew its holdings in Stanley Black & Decker by 50.0% during the 1st quarter. Ten Capital Wealth Advisors LLC now owns 150 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 50 shares during the last quarter. Zions Bancorporation N.A. increased its position in Stanley Black & Decker by 396.9% in the 1st quarter. Zions Bancorporation N.A. now owns 159 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Credit Agricole S A bought a new position in shares of Stanley Black & Decker in the first quarter worth about $40,000. Finally, E Fund Management Co. Ltd. bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $56,000. 84.69% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Stanley Black & Decker from $230.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Robert W. Baird reiterated a “buy” rating on shares of Stanley Black & Decker in a report on Tuesday, May 18th. G.Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, June 17th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, July 14th. Finally, Gabelli raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Thursday, June 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $217.00.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Monday, July 26th. The industrial products company reported $3.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.19. Stanley Black & Decker had a return on equity of 20.65% and a net margin of 10.80%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 11.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 21st. Investors of record on Tuesday, September 7th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.70%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently 34.96%.
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 & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.
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