abrdn plc Grows Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

abrdn plc increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,286 shares of the industrial products company’s stock after acquiring an additional 44,486 shares during the period. abrdn plc owned approximately 0.15% of Stanley Black & Decker worth $23,180,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Crestwood Advisors Group LLC grew its stake in shares of Stanley Black & Decker by 0.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 117 shares during the last quarter. Kinloch Capital LLC grew its stake in shares of Stanley Black & Decker by 0.4% during the third quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after buying an additional 141 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Stanley Black & Decker by 3.7% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,158 shares of the industrial products company’s stock valued at $348,000 after buying an additional 147 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after buying an additional 160 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its stake in shares of Stanley Black & Decker by 1.5% during the third quarter. SevenBridge Financial Group LLC now owns 11,312 shares of the industrial products company’s stock valued at $945,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $90.75 on Wednesday. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The stock has a fifty day moving average price of $91.50 and a 200-day moving average price of $90.98. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a market cap of $13.96 billion, a PE ratio of -43.63, a P/E/G ratio of 2.41 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the firm earned ($0.10) EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s payout ratio is -155.77%.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Robert W. Baird lowered their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Barclays upped their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Company 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.