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

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

Several other hedge funds have also recently modified their holdings of the business. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter worth about $36,000. Cape Investment Advisory Inc. boosted its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. raised its holdings in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $76.93 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $71.67 and a 12 month high of $110.88. The firm’s 50-day moving average is $84.49 and its 200 day moving average is $89.69. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 1.33 and a beta of 1.25. 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 announced its quarterly earnings data 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%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently commented on SWK shares. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. UBS Group reduced their price target 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. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Finally, Wells Fargo & Company dropped their price target 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 given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.20.

About Stanley Black & Decker

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.