Loudon Investment Management LLC Purchases 1,124 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Loudon Investment Management LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,180 shares of the industrial products company’s stock after acquiring an additional 1,124 shares during the quarter. Stanley Black & Decker comprises approximately 3.0% of Loudon Investment Management LLC’s holdings, making the stock its 6th largest position. Loudon Investment Management LLC’s holdings in Stanley Black & Decker were worth $4,923,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Clean Energy Transition LLP raised its holdings in Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after acquiring an additional 277,507 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Stanley Black & Decker by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock worth $161,662,000 after purchasing an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Stanley Black & Decker by 1.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock worth $127,697,000 after purchasing an additional 20,792 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after purchasing an additional 66,536 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Stanley Black & Decker by 6.3% in the 3rd quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after purchasing an additional 57,121 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded down $6.91 during midday trading on Thursday, hitting $84.99. The stock had a trading volume of 7,172,165 shares, compared to its average volume of 1,403,055. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. 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 stock has a 50 day moving average price of $91.72 and a two-hundred day moving average price of $91.28. The company has a market capitalization of $13.07 billion, a PE ratio of -40.88, a P/E/G ratio of 2.46 and a beta of 1.33.

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

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $0.81 dividend. The ex-dividend date is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analysts Set New Price Targets

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

Stanley Black & Decker Company 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.