Nordwand Advisors LLC Purchases Shares of 7,100 Stanley Black & Decker, Inc. $SWK

Nordwand Advisors LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,100 shares of the industrial products company’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its position in Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after purchasing an additional 1,326,113 shares during the last quarter. Vulcan Value Partners LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $72,063,000. ProShare Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 38.8% in the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after buying an additional 761,191 shares during the last quarter. Clean Energy Transition LLP grew its stake in shares of Stanley Black & Decker by 85.2% in the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company’s stock valued at $105,590,000 after buying an additional 632,029 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock worth $201,497,000 after buying an additional 601,667 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $63.67 on Tuesday. The firm has a market cap of $9.86 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The business’s 50 day moving average is $71.47 and its 200-day moving average is $70.23. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $93.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The firm had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SWK. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Morgan Stanley reiterated a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.10.

About Stanley Black & Decker

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.