Pekin Hardy Strauss Inc. Has $5.29 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Pekin Hardy Strauss Inc. reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,884 shares of the industrial products company’s stock after selling 3,100 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $5,286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SWK. International Assets Investment Management LLC lifted its position in shares of Stanley Black & Decker by 9,029.0% in the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after acquiring an additional 416,689 shares during the period. Clean Energy Transition LLP boosted its stake in Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after buying an additional 277,507 shares in the last quarter. Kensico Capital Management Corp increased its holdings in Stanley Black & Decker by 49.6% in the 3rd quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock valued at $55,012,000 after buying an additional 218,200 shares during the period. Barclays PLC lifted its holdings in shares of Stanley Black & Decker by 62.7% during the 3rd quarter. Barclays PLC now owns 377,665 shares of the industrial products company’s stock worth $31,567,000 after acquiring an additional 145,517 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Stanley Black & Decker by 79.3% during the 3rd quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company’s stock valued at $26,337,000 after acquiring an additional 139,371 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded up $0.44 during trading on Tuesday, reaching $91.40. The company had a trading volume of 2,622,632 shares, compared to its average volume of 1,314,819. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The business’s 50 day moving average price is $91.60 and its 200-day moving average price is $91.20. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The stock has a market cap of $14.06 billion, a PE ratio of -43.74, a PEG ratio of 2.42 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm earned ($0.10) earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 3.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWK. Barclays lifted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Profile

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.