Ensign Peak Advisors Inc Decreases Stake in Stanley Black & Decker, Inc. $SWK

Ensign Peak Advisors Inc trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 26.5% during the second quarter, Holdings Channel reports. The fund owned 38,652 shares of the industrial products company’s stock after selling 13,951 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Stanley Black & Decker were worth $2,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in shares of Stanley Black & Decker by 56.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,226 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,529 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Stanley Black & Decker by 15.8% in the first quarter. HB Wealth Management LLC now owns 5,850 shares of the industrial products company’s stock worth $450,000 after buying an additional 799 shares during the last quarter. TD Asset Management Inc raised its holdings in Stanley Black & Decker by 4.7% in the first quarter. TD Asset Management Inc now owns 61,967 shares of the industrial products company’s stock valued at $4,764,000 after acquiring an additional 2,775 shares in the last quarter. LPL Financial LLC boosted its stake in Stanley Black & Decker by 1.9% during the 1st quarter. LPL Financial LLC now owns 97,879 shares of the industrial products company’s stock valued at $7,525,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Stanley Black & Decker by 27.4% during the 1st quarter. Mackenzie Financial Corp now owns 16,071 shares of the industrial products company’s stock worth $1,236,000 after acquiring an additional 3,460 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. UBS Group increased their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wells Fargo & Company reduced 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, Barclays decreased their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Price Performance

Shares of SWK opened at $71.88 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $11.13 billion, a P/E ratio of 22.82, a PEG ratio of 1.46 and a beta of 1.21. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $91.36. The stock has a fifty day moving average price of $69.83 and a 200 day moving average price of $70.44.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. On average, research analysts forecast 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. Stockholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is 114.88%.

Stanley Black & Decker 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.