2,597 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,597 shares of the industrial products company’s stock, valued at approximately $255,000.

A number of other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker in the third quarter valued at about $33,000. Achmea Investment Management B.V. purchased a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $36,000. ICA Group Wealth Management LLC bought a new position in Stanley Black & Decker in the 4th quarter valued at $37,000. Castleview Partners LLC increased its position in shares of Stanley Black & Decker by 343.4% during the 1st quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 388 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after buying an additional 231 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded up $0.87 on Thursday, hitting $97.93. The company’s stock had a trading volume of 1,472,630 shares, compared to its average volume of 1,312,053. Stanley Black & Decker, Inc. has a 1 year low of $73.27 and a 1 year high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The company has a market capitalization of $15.06 billion, a PE ratio of -46.83, a PEG ratio of 1.86 and a beta of 1.33. The company has a 50-day simple moving average of $91.06 and a 200 day simple moving average of $89.66.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.10) EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.06 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Analyst Ratings Changes

SWK has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, February 6th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $97.60.

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.