RB Capital Management LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,704 shares of the industrial products company’s stock, valued at approximately $725,000.
Other large investors also recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new stake in Stanley Black & Decker during the second quarter worth about $31,000. Cape Investment Advisory Inc. acquired a new position in Stanley Black & Decker in the 2nd quarter valued at about $35,000. Chapman Financial Group LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $26,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $28,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $31,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
Stanley Black & Decker Stock Down 1.4%
Shares of NYSE SWK opened at $97.86 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $94.44 and its two-hundred day moving average is $83.72. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $104.68. The firm has a market cap of $14.78 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.33 and a beta of 1.16.
Stanley Black & Decker Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.84 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s dividend payout ratio is presently 80.98%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a report on Monday, August 10th. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Finally, Citigroup upped their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $92.25.
Read Our Latest Report on Stanley Black & Decker
Stanley Black & Decker Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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