Gen Wealth Partners Inc Has $485,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Gen Wealth Partners Inc raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,043 shares of the industrial products company’s stock after purchasing an additional 733 shares during the quarter. Gen Wealth Partners Inc’s holdings in Stanley Black & Decker were worth $485,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SWK. Barclays PLC boosted its stake in Stanley Black & Decker by 30.9% during the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock worth $47,061,000 after acquiring an additional 100,894 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock worth $18,298,000 after purchasing an additional 18,776 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company’s stock valued at $19,504,000 after buying an additional 5,493 shares during the period. Nordea Investment Management AB increased its position in Stanley Black & Decker by 9.5% in the 4th quarter. Nordea Investment Management AB now owns 13,167 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 1,142 shares in the last quarter. Finally, ORG Partners LLC raised its stake in Stanley Black & Decker by 68.9% during the 4th quarter. ORG Partners LLC now owns 1,902 shares of the industrial products company’s stock worth $153,000 after buying an additional 776 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Citigroup dropped their price target on shares of 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. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Finally, UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $92.70.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $62.71 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The company has a market capitalization of $9.70 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a 50-day simple moving average of $68.75 and a 200 day simple moving average of $80.37.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

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

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.