Stanley Black & Decker, Inc. (NYSE:SWK) Position Increased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 48.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,335 shares of the industrial products company’s stock after buying an additional 50,180 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.09% of Stanley Black & Decker worth $28,922,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $402,247,000. Ceredex Value Advisors LLC acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $161,384,000. Reinhart Partners Inc. grew its position in Stanley Black & Decker by 742.5% during the fourth quarter. Reinhart Partners Inc. now owns 953,209 shares of the industrial products company’s stock worth $19,358,000 after buying an additional 840,074 shares in the last quarter. abrdn plc grew its position in Stanley Black & Decker by 1,042.8% during the fourth quarter. abrdn plc now owns 737,097 shares of the industrial products company’s stock worth $139,032,000 after buying an additional 672,596 shares in the last quarter. Finally, Invesco Ltd. grew its position in Stanley Black & Decker by 37.2% during the third quarter. Invesco Ltd. now owns 2,416,616 shares of the industrial products company’s stock worth $423,657,000 after buying an additional 654,719 shares in the last quarter. 88.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker stock traded up $1.85 during trading on Tuesday, reaching $120.29. The stock had a trading volume of 7,806 shares, compared to its average volume of 2,467,444. 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 stock has a fifty day moving average price of $138.04 and a two-hundred day moving average price of $165.01. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.35 and a beta of 1.37. Stanley Black & Decker, Inc. has a 52 week low of $115.77 and a 52 week high of $219.59.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.42. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. Stanley Black & Decker’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.13 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 10.04 EPS for the current fiscal year.

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

A number of brokerages have recently issued reports on SWK. TheStreet cut Stanley Black & Decker from a “b-” rating to a “c+” rating in a report on Wednesday, March 30th. Citigroup dropped their price target on Stanley Black & Decker from $145.00 to $110.00 in a report on Friday, April 29th. Bank of America dropped their price target 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. Barclays dropped their price target on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Finally, JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $170.69.

In other news, CAO Jocelyn Belisle sold 3,244 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Subasic sold 6,611 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The shares were 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. 0.93% of the stock is owned by insiders.

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.

Further Reading

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

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