Guyasuta Investment Advisors Inc. Makes New $234,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Guyasuta Investment Advisors Inc. bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,390 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other hedge funds have also added to or reduced their stakes in SWK. Heritage Financial Services LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $225,000. Truist Financial Corp increased its holdings in shares of Stanley Black & Decker by 6.0% during the fourth quarter. Truist Financial Corp now owns 16,536 shares of the industrial products company’s stock valued at $1,622,000 after acquiring an additional 933 shares in the last quarter. K.J. Harrison & Partners Inc increased its holdings in shares of Stanley Black & Decker by 28.4% during the fourth quarter. K.J. Harrison & Partners Inc now owns 25,813 shares of the industrial products company’s stock valued at $2,532,000 after acquiring an additional 5,713 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Stanley Black & Decker by 6.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,405 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 253 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Stanley Black & Decker by 2.1% during the fourth quarter. NewSquare Capital LLC now owns 82,283 shares of the industrial products company’s stock valued at $7,936,000 after acquiring an additional 1,712 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the topic of several analyst reports. Barclays lifted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Robert W. Baird dropped their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price objective 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $90.97 on Tuesday. The business’s 50-day moving average price is $91.60 and its two-hundred day moving average price is $91.20. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21. The stock has a market cap of $13.99 billion, a P/E ratio of -43.74, a PEG ratio of 2.42 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) EPS. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.56%. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Stanley Black & Decker Profile

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.