NEOS Investment Management LLC Has $488,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

NEOS Investment Management LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 25.6% during the fourth quarter, HoldingsChannel reports. The firm owned 6,074 shares of the industrial products company’s stock after acquiring an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in Stanley Black & Decker were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SWK. MML Investors Services LLC lifted its position in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after buying an additional 127 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after acquiring an additional 149 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Stanley Black & Decker by 11.1% in the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 151 shares during the last quarter. RB Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.8% during the 3rd quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 170 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its position in Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SWK shares. Barclays cut their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Citigroup dropped their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $76.46 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a fifty-two week low of $76.25 and a fifty-two week high of $110.88. The company has a 50 day simple moving average of $85.03 and a two-hundred day simple moving average of $90.10. The company has a market capitalization of $11.82 billion, a PE ratio of 39.41, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.29%. Stanley Black & Decker’s payout ratio is 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.