First Western Trust Bank Buys Shares of 3,233 Stanley Black & Decker, Inc. (NYSE:SWK)

First Western Trust Bank purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,233 shares of the industrial products company’s stock, valued at approximately $317,000.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Stanley Black & Decker by 9,029.0% during the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after buying an additional 416,689 shares during the last quarter. Clean Energy Transition LLP boosted its stake 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. Kensico Capital Management Corp increased its position in shares of Stanley Black & Decker by 49.6% during the third quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock worth $55,012,000 after purchasing an additional 218,200 shares in the last quarter. 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 valued at $31,567,000 after purchasing an additional 145,517 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in 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 worth $26,337,000 after buying an additional 139,371 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $2.29 during trading hours on Thursday, hitting $88.17. The stock had a trading volume of 1,318,191 shares, compared to its average volume of 1,438,183. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of -127.78, a PEG ratio of 2.31 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a 50-day moving average price of $91.51 and a 200 day moving average price of $91.48. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.41) EPS. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. The ex-dividend date is Friday, May 31st. This represents a $3.24 annualized dividend and a yield of 3.67%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.57%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SWK shares. Robert W. Baird cut 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 report on Thursday, April 18th. Barclays dropped their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company decreased their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $97.00.

Insider Buying and Selling at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.