K.J. Harrison & Partners Inc Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

K.J. Harrison & Partners Inc raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 28.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,813 shares of the industrial products company’s stock after purchasing an additional 5,713 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Stanley Black & Decker were worth $2,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in Stanley Black & Decker in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after buying an additional 231 shares in the last quarter. Headlands Technologies LLC acquired a new position in Stanley Black & Decker during the third quarter worth $44,000. ING Groep NV acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $45,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 160 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 1.0 %

Stanley Black & Decker stock traded up $0.89 during trading on Friday, hitting $89.72. The company had a trading volume of 1,484,037 shares, compared to its average volume of 1,300,760. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company’s 50 day simple moving average is $91.54 and its 200-day simple moving average is $91.03. Stanley Black & Decker, Inc. has a 1-year low of $73.87 and a 1-year high of $104.21. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of -43.13, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.61%. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWK. Wells Fargo & Company dropped their price objective on shares of 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. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. decreased their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.11.

About Stanley Black & Decker

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.