J.W. Cole Advisors Inc. Invests $520,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

J.W. Cole Advisors Inc. purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,298 shares of the industrial products company’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at about $2,655,000. Cornerstone Investment Partners LLC lifted its position in shares of Stanley Black & Decker by 11.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 545,827 shares of the industrial products company’s stock valued at $53,546,000 after acquiring an additional 58,090 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Stanley Black & Decker by 1.4% in the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after acquiring an additional 22,933 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Stanley Black & Decker by 29.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 19,589 shares of the industrial products company’s stock valued at $1,922,000 after acquiring an additional 4,472 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Stanley Black & Decker by 21.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,466 shares of the industrial products company’s stock valued at $6,422,000 after acquiring an additional 11,446 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $90.75 on Wednesday. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of -43.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The business has a fifty day moving average of $91.50 and a 200 day moving average of $90.98. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Robert W. Baird reduced their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Barclays lifted 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 given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $98.11.

About Stanley Black & Decker

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.