Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Northstar Advisory Group LLC

Northstar Advisory Group LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,395 shares of the industrial products company’s stock after purchasing an additional 5,011 shares during the period. Stanley Black & Decker makes up about 0.9% of Northstar Advisory Group LLC’s holdings, making the stock its 28th largest holding. Northstar Advisory Group LLC’s holdings in Stanley Black & Decker were worth $1,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SWK. Venturi Wealth Management LLC acquired a new stake in Stanley Black & Decker during the 3rd quarter valued at $33,000. Achmea Investment Management B.V. acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at $36,000. ICA Group Wealth Management LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $37,000. Castleview Partners LLC lifted its holdings in Stanley Black & Decker by 343.4% in the 1st quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $97.60.

Stanley Black & Decker Trading Up 1.0 %

Stanley Black & Decker stock opened at $98.02 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The firm has a fifty day moving average price of $91.06 and a two-hundred day moving average price of $89.66. Stanley Black & Decker, Inc. has a fifty-two week low of $73.27 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the business posted ($0.10) EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.06 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is -155.77%.

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.