SRS Capital Advisors Inc. Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

SRS Capital Advisors Inc. raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 74.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,590 shares of the industrial products company’s stock after purchasing an additional 1,534 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Stanley Black & Decker were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SWK. Clean Energy Transition LLP lifted its stake in shares of Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after purchasing an additional 277,507 shares during the period. Federated Hermes Inc. grew its holdings in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock worth $161,662,000 after acquiring an additional 22,933 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in Stanley Black & Decker by 1.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares in the last quarter. Northern Trust Corp raised its holdings in Stanley Black & Decker by 4.7% during the third quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after purchasing an additional 66,536 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Stanley Black & Decker by 6.3% during the third quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock worth $80,845,000 after purchasing an additional 57,121 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $0.81 during trading on Friday, hitting $85.80. 3,145,797 shares of the company traded hands, compared to its average volume of 1,691,942. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $91.64 and a 200-day moving average price of $91.23. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the firm posted ($0.41) earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. The ex-dividend date is Friday, May 31st. This represents a $3.24 annualized dividend and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Analyst Ratings Changes

Several research firms have recently issued reports on SWK. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Barclays reduced their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company reduced their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.00.

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.