K.J. Harrison & Partners Inc Raises Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

K.J. Harrison & Partners Inc increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,813 shares of the industrial products company’s stock after buying an additional 5,713 shares during the period. K.J. Harrison & Partners Inc’s holdings in Stanley Black & Decker were worth $2,532,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC purchased a new position in shares of Stanley Black & Decker in the third quarter valued at $378,000. DAVENPORT & Co LLC raised its position in shares of Stanley Black & Decker by 59.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 5,578 shares of the industrial products company’s stock valued at $466,000 after buying an additional 2,078 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Stanley Black & Decker by 11.1% in the 3rd quarter. Private Trust Co. NA now owns 1,856 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 185 shares during the last quarter. Coastline Trust Co grew its position in Stanley Black & Decker by 5.7% in the third quarter. Coastline Trust Co now owns 5,535 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 300 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in Stanley Black & Decker during the third quarter valued at approximately $470,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 1.0 %

NYSE:SWK traded up $0.89 during midday trading on Friday, hitting $89.72. The stock had a trading volume of 1,484,037 shares, compared to its average volume of 1,300,760. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average of $91.54 and a 200 day moving average of $91.03. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of -43.13, a PEG ratio of 2.43 and a beta of 1.34. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.61%. Stanley Black & Decker’s payout ratio is -155.77%.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. Barclays boosted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Robert W. Baird cut their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.