Proficio Capital Partners LLC Takes $1.75 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Proficio Capital Partners LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,759 shares of the industrial products company’s stock, valued at approximately $1,747,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Americana Partners LLC raised its holdings in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after purchasing an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at $1,386,000. Avanza Fonder AB acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $1,287,000. State Street Corp boosted its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SWK. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Thursday, December 19th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Finally, Barclays decreased their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $82.14 on Thursday. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business’s 50-day moving average price is $85.46 and its two-hundred day moving average price is $91.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company has a market capitalization of $12.69 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.99%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

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.