Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Applied Capital LLC FL

Applied Capital LLC FL boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,585 shares of the industrial products company’s stock after acquiring an additional 394 shares during the period. Applied Capital LLC FL’s holdings in Stanley Black & Decker were worth $939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $36,000. Principal Securities Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares in the last quarter. Finally, Fairman Group LLC acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $100.00 to $86.00 in a research note on Tuesday, June 4th. Finally, Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $95.44.

Stanley Black & Decker Price Performance

Shares of SWK traded up $1.43 during trading hours on Tuesday, reaching $79.18. The company had a trading volume of 878,921 shares, compared to its average volume of 1,408,082. The firm has a 50 day simple moving average of $86.44 and a 200-day simple moving average of $90.83. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of -112.68, a PEG ratio of 2.19 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.41) EPS. Research analysts expect that Stanley Black & Decker, Inc. will post 4.05 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 4.09%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.