Virtu Financial LLC Takes $231,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Virtu Financial LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,874 shares of the industrial products company’s stock, valued at approximately $231,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $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 during the last quarter. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. boosted its position 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. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.6 %

Shares of NYSE:SWK opened at $76.46 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $76.25 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. The firm’s 50-day simple moving average is $85.03 and its 200-day simple moving average is $90.20. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Finally, UBS Group lowered their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.20.

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.