Stanley Black & Decker, Inc. (NYSE:SWK) Stake Boosted by Loudon Investment Management LLC

Loudon Investment Management LLC boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,180 shares of the industrial products company’s stock after acquiring an additional 1,124 shares during the quarter. Stanley Black & Decker accounts for 3.0% of Loudon Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Loudon Investment Management LLC’s holdings in Stanley Black & Decker were worth $4,923,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new position in shares of Stanley Black & Decker during the 3rd quarter worth $33,000. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $44,000. ING Groep NV purchased a new position in shares of Stanley Black & Decker during the third quarter valued at about $45,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SWK shares. JPMorgan Chase & Co. decreased their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. 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 report on Friday, February 2nd. Finally, Barclays increased their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Trading Down 7.5 %

Shares of NYSE:SWK traded down $6.91 during trading hours on Thursday, hitting $84.99. 7,172,165 shares of the company’s stock traded hands, compared to its average volume of 1,403,055. The firm has a market capitalization of $13.07 billion, a P/E ratio of -40.88, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33. The business has a fifty day moving average price of $91.72 and a 200-day moving average price of $91.28. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the previous year, the business earned ($0.10) EPS. Stanley Black & Decker’s revenue was down 6.3% compared to the same quarter last year. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker’s payout ratio is presently -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.