Crestline Management LP Purchases New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Crestline Management LP acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,762 shares of the industrial products company’s stock, valued at approximately $382,000.

Other large investors have also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at about $36,000. Cape Investment Advisory Inc. increased its holdings in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $62.71 on Friday. The company has a market cap of $9.70 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.33 and a beta of 1.19. The firm’s 50 day moving average is $68.75 and its two-hundred day moving average is $80.37. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 5.23%. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.10%.

Analyst Ratings Changes

A number of research firms have commented on SWK. Citigroup decreased their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.70.

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.