Mach 1 Financial Group LLC Acquires New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Mach 1 Financial Group LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,410 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently modified their holdings of SWK. Venturi Wealth Management LLC acquired a new position in Stanley Black & Decker in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 231 shares during the last quarter. Headlands Technologies LLC acquired a new position in Stanley Black & Decker in the 3rd quarter valued at $44,000. ING Groep NV purchased a new position in shares of Stanley Black & Decker during the 3rd quarter worth $45,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Stanley Black & Decker by 41.3% during 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. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on SWK shares. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays boosted their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Price Performance

SWK stock opened at $91.80 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average is $91.72 and its two-hundred day moving average is $91.28. The company has a market capitalization of $14.12 billion, a PE ratio of -44.13, a P/E/G ratio of 2.46 and a beta of 1.33. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.19. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. Analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

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.