Mach 1 Financial Group LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Mach 1 Financial Group LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,410 shares of the industrial products company’s stock, valued at approximately $236,000.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its position in Stanley Black & Decker by 21.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 73,317 shares of the industrial products company’s stock valued at $6,128,000 after purchasing an additional 12,862 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Stanley Black & Decker by 3.8% in the third quarter. Commonwealth Equity Services LLC now owns 226,398 shares of the industrial products company’s stock valued at $18,922,000 after buying an additional 8,376 shares during the last quarter. Xponance Inc. lifted its position in Stanley Black & Decker by 50.1% during the 3rd quarter. Xponance Inc. now owns 43,323 shares of the industrial products company’s stock worth $3,621,000 after buying an additional 14,454 shares in the last quarter. Tectonic Advisors LLC bought a new stake in Stanley Black & Decker during the 3rd quarter worth about $224,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Stanley Black & Decker by 13.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company’s stock valued at $6,745,000 after acquiring an additional 9,715 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $91.80 on Thursday. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -44.13, a P/E/G ratio of 2.46 and a beta of 1.33. The firm’s 50 day simple moving average is $91.72 and its 200 day simple moving average is $91.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21.

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

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker’s payout ratio is currently -155.77%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. 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 note on Tuesday, April 2nd. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company reduced their target price on shares of 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 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Company 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.