Annis Gardner Whiting Capital Advisors LLC Purchases 174 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,159 shares of the industrial products company’s stock after purchasing an additional 174 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Stanley Black & Decker were worth $166,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SWK. Golden State Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 296 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker in the first quarter valued at approximately $31,000. TD Private Client Wealth LLC boosted its stake in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 382 shares during the last quarter. CX Institutional bought a new position in Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, WASHINGTON TRUST Co boosted its stake in Stanley Black & Decker by 530.1% in the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 705 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 2.1%

SWK opened at $69.35 on Wednesday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm’s fifty day moving average is $68.57 and its two-hundred day moving average is $72.78. The firm has a market cap of $10.73 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.83 per share. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.8%. Stanley Black & Decker’s dividend payout ratio (DPR) is 104.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SWK. Wells Fargo & Company raised their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. Finally, Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.