Fort Washington Investment Advisors Inc. OH Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Fort Washington Investment Advisors Inc. OH raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,553,709 shares of the industrial products company’s stock after purchasing an additional 15,349 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Stanley Black & Decker were worth $115,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC acquired a new position in Stanley Black & Decker in the first quarter valued at approximately $26,000. Princeton Global Asset Management LLC purchased a new stake in Stanley Black & Decker in the second quarter valued at $25,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at $26,000. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker during the 3rd quarter worth $30,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $75.10 on Tuesday. The firm has a 50 day moving average of $70.45 and a two-hundred day moving average of $71.36. The stock has a market capitalization of $11.63 billion, a PE ratio of 25.99, a P/E/G ratio of 2.14 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The business had revenue of $3.72 billion for the quarter. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Analysts Set New Price Targets

Several research analysts have weighed in on SWK shares. Robert W. Baird increased their target price on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. UBS Group raised their price target on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.