First Western Trust Bank Takes $317,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

First Western Trust Bank acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,233 shares of the industrial products company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also made changes to their positions in SWK. Clean Energy Transition LLP boosted its stake in shares of Stanley Black & Decker by 13.8% during the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after buying an additional 277,507 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock worth $161,662,000 after purchasing an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares in the last quarter. Northern Trust Corp lifted its position in shares of Stanley Black & Decker by 4.7% during the third quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after purchasing an additional 66,536 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Stanley Black & Decker by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 971,091 shares of the industrial products company’s stock valued at $95,264,000 after buying an additional 21,459 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the company’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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Stanley Black & Decker Stock Performance

NYSE SWK traded up $2.29 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 company’s 50-day moving average is $91.51 and its two-hundred day moving average is $91.48. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of -127.78, a P/E/G ratio of 2.31 and a beta of 1.33. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. 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 posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the firm earned ($0.41) EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business 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 $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s payout ratio is currently -469.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on SWK. Robert W. Baird reduced their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company decreased their price objective on shares of 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. JPMorgan Chase & Co. reduced their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Finally, Barclays lowered their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $97.00.

About Stanley Black & Decker

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.