Confluence Wealth Services Inc. Invests $1.01 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Confluence Wealth Services Inc. purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,368 shares of the industrial products company’s stock, valued at approximately $1,012,000.

Other institutional investors also recently made changes to their positions in the company. Capital Fund Management S.A. acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $2,240,000. Pinebridge Investments L.P. increased its position in Stanley Black & Decker by 54.4% in the 4th quarter. Pinebridge Investments L.P. now owns 10,031 shares of the industrial products company’s stock worth $1,892,000 after purchasing an additional 3,534 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Stanley Black & Decker by 5.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,754,532 shares of the industrial products company’s stock worth $519,560,000 after acquiring an additional 149,845 shares in the last quarter. WealthShield Partners LLC bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $610,000. Finally, Tredje AP fonden boosted its stake in Stanley Black & Decker by 11.3% during the 4th quarter. Tredje AP fonden now owns 20,034 shares of the industrial products company’s stock valued at $3,779,000 after purchasing an additional 2,034 shares during the period. Institutional investors own 88.60% of the company’s stock.

Shares of SWK traded up $1.76 during midday trading on Thursday, reaching $120.47. 1,837,958 shares of the stock were exchanged, compared to its average volume of 2,077,078. The company has a current ratio of 0.89, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $18.19 billion, a P/E ratio of 14.31, a PEG ratio of 1.34 and a beta of 1.37. Stanley Black & Decker, Inc. has a 52 week low of $117.53 and a 52 week high of $219.59. The company’s 50 day moving average is $139.28 and its two-hundred day moving average is $166.23.

Stanley Black & Decker (NYSE:SWK – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.40. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.62 billion. During the same period in the prior year, the company earned $3.13 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 10.04 EPS for the current 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 2.62%. Stanley Black & Decker’s payout ratio is presently 37.53%.

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

A number of equities research analysts recently weighed in on the company. StockNews.com raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America reduced their price objective on Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating for the company in a report on Wednesday, March 9th. Citigroup dropped their price objective on shares of Stanley Black & Decker from $145.00 to $110.00 in a research note on Friday, April 29th. Credit Suisse Group started coverage on shares of Stanley Black & Decker in a report on Tuesday, April 5th. They set an “outperform” rating and a $165.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Stanley Black & Decker from $183.00 to $158.00 in a research report on Friday, April 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $170.69.

Stanley Black & Decker Company 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.

Read More