Millstone Evans Group LLC Purchases New Shares in Stanley Black & Decker, Inc. (NYSE:SWK)

Millstone Evans Group LLC acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 500 shares of the industrial products company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the 4th quarter worth about $36,000. Cape Investment Advisory Inc. increased its position in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after buying an additional 199 shares during the period. Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $44,000. Finally, Crews Bank & Trust acquired a new stake in Stanley Black & Decker in the 4th quarter valued at $49,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWK has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Stock Up 3.1 %

Shares of NYSE:SWK opened at $82.00 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market cap of $12.67 billion, a P/E ratio of 42.27, a PEG ratio of 1.33 and a beta of 1.25. The business has a fifty day moving average of $85.45 and a two-hundred day moving average of $90.63. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 169.07%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.