Machina Capital S.A.S. Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Machina Capital S.A.S. purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,043 shares of the industrial products company’s stock, valued at approximately $200,000.

Several other institutional investors also recently added to or reduced their stakes in SWK. International Assets Investment Management LLC increased its position in shares of Stanley Black & Decker by 9,029.0% during the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after purchasing an additional 416,689 shares during the period. Clean Energy Transition LLP boosted its stake in Stanley Black & Decker by 13.8% in the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after buying an additional 277,507 shares in the last quarter. Kensico Capital Management Corp boosted its stake in Stanley Black & Decker by 49.6% in the 3rd quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock valued at $55,012,000 after buying an additional 218,200 shares in the last quarter. Barclays PLC boosted its stake in Stanley Black & Decker by 62.7% in the 3rd quarter. Barclays PLC now owns 377,665 shares of the industrial products company’s stock valued at $31,567,000 after buying an additional 145,517 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stanley Black & Decker by 79.3% in the 3rd quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company’s stock valued at $26,337,000 after buying an additional 139,371 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 0.3 %

NYSE SWK traded up $0.28 on Tuesday, reaching $87.29. The company had a trading volume of 1,491,030 shares, compared to its average volume of 1,439,286. The stock’s 50 day moving average is $91.58 and its 200-day moving average is $91.45. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of -126.10, a PEG ratio of 2.31 and a beta of 1.33. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week 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 earnings per share (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 the consensus estimate of $3.83 billion. During the same period in the prior year, the company earned ($0.41) earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 annualized dividend and a dividend yield of 3.71%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on 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. Robert W. Baird reduced their price objective 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. Wells Fargo & Company reduced their price objective 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. Finally, Barclays reduced their price objective on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $97.00.

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.