Clean Energy Transition LLP boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,936,073 shares of the industrial products company’s stock after acquiring an additional 136,855 shares during the period. Stanley Black & Decker accounts for 18.2% of Clean Energy Transition LLP’s investment portfolio, making the stock its 2nd largest holding. Clean Energy Transition LLP’s holdings in Stanley Black & Decker were worth $218,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in SWK. Norges Bank bought a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $133,961,000. Ameriprise Financial Inc. boosted its holdings in Stanley Black & Decker by 49.5% in the third quarter. Ameriprise Financial Inc. now owns 4,379,653 shares of the industrial products company’s stock valued at $325,541,000 after acquiring an additional 1,450,170 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $95,602,000. Alyeska Investment Group L.P. boosted its holdings in Stanley Black & Decker by 5,996.4% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,191,540 shares of the industrial products company’s stock valued at $88,508,000 after acquiring an additional 1,171,995 shares during the last quarter. Finally, Strive Asset Management LLC bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $78,480,000. 87.77% of the stock is currently owned by institutional investors.
Stanley Black & Decker Price Performance
Shares of NYSE:SWK opened at $83.57 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $93.37. The stock’s 50 day moving average is $76.17 and its 200-day moving average is $77.47. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 1.18 and a beta of 1.19.
Stanley Black & Decker Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 8th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 8th. Stanley Black & Decker’s dividend payout ratio is presently 136.07%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Morgan Stanley dropped their price target on Stanley Black & Decker from $87.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a research note on Thursday, April 30th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.33.
Check Out Our Latest Stock Report on SWK
Stanley Black & Decker Company 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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