City Center Advisors LLC Takes $303,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

City Center Advisors LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,778 shares of the industrial products company’s stock, valued at approximately $303,000.

A number of other large investors have also bought and sold shares of the stock. Rise Advisors LLC grew its holdings in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC grew its holdings in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 237 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker in the third quarter valued at about $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in shares of Stanley Black & Decker during the third quarter valued at about $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on SWK shares. Wells Fargo & Company cut their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $80.04 on Monday. The business has a fifty day simple moving average of $85.15 and a two-hundred day simple moving average of $93.25. The firm has a market capitalization of $12.34 billion, a P/E ratio of -58.42, a P/E/G ratio of 2.24 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

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

Stanley Black & Decker Announces Dividend

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

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.