Miller Financial Services LLC Buys New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Miller Financial Services LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,143 shares of the industrial products company’s stock, valued at approximately $333,000.

Several other large investors have also bought and sold shares of the stock. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 61.8% in the 4th 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. bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $44,000. Finally, Crews Bank & Trust purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $49,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Barclays cut their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company reduced their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $86.94 on Tuesday. The firm’s 50 day moving average is $85.41 and its 200 day moving average is $92.00. The stock has a market capitalization of $13.43 billion, a P/E ratio of 44.82, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. 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 (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, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 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 Storage segment, and Industrial segment.