Brinker Capital Investments LLC Buys 9,867 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Brinker Capital Investments LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,678 shares of the industrial products company’s stock after acquiring an additional 9,867 shares during the period. Brinker Capital Investments LLC’s holdings in Stanley Black & Decker were worth $8,993,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SWK. Alliancebernstein L.P. grew its position in Stanley Black & Decker by 1.4% during the third quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock valued at $75,624,000 after acquiring an additional 5,840 shares during the last quarter. Cardinal Capital Management Inc. lifted its stake in Stanley Black & Decker by 1.6% in the fourth quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock worth $11,672,000 after acquiring an additional 985 shares during the period. Mackenzie Financial Corp lifted its stake in Stanley Black & Decker by 11.2% in the third quarter. Mackenzie Financial Corp now owns 496,839 shares of the industrial products company’s stock worth $87,101,000 after acquiring an additional 50,158 shares during the period. Twinbeech Capital LP lifted its position in Stanley Black & Decker by 992.8% during the third quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock valued at $2,171,000 after buying an additional 11,248 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Stanley Black & Decker by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock valued at $313,165,000 after buying an additional 8,985 shares during the period. Institutional investors own 86.43% of the company’s stock.

Several research firms have recently issued reports on SWK. JPMorgan Chase & Co. lowered their price target on Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. The Goldman Sachs Group cut their price target on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, April 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Stanley Black & Decker from $183.00 to $158.00 in a report on Friday. Morgan Stanley decreased their price objective on Stanley Black & Decker from $195.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Finally, StockNews.com initiated coverage on Stanley Black & Decker in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $170.69.

Shares of Stanley Black & Decker stock opened at $120.15 on Friday. Stanley Black & Decker, Inc. has a one year low of $119.85 and a one year high of $225.00. The company has a market cap of $19.63 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.35 and a current ratio of 0.97. The business’s 50 day moving average price is $145.96 and its 200 day moving average price is $169.87.

Stanley Black & Decker (NYSE:SWKGet Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.40. Stanley Black & Decker had a return on equity of 17.27% and a net margin of 10.04%. The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the previous year, the business earned $3.13 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker, Inc. will post 10 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be paid a $0.79 dividend. The ex-dividend date is Monday, June 6th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.63%. Stanley Black & Decker’s payout ratio is presently 37.53%.

In other Stanley Black & Decker news, SVP Stephen Subasic sold 6,611 shares of Stanley Black & Decker stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $155.91, for a total transaction of $1,030,721.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jocelyn Belisle sold 3,244 shares of Stanley Black & Decker stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $157.71, for a total value of $511,611.24. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Stanley Black & Decker Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

See Also

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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