Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,647,932 shares of the industrial products company’s stock after acquiring an additional 22,933 shares during the quarter. Federated Hermes Inc.’s holdings in Stanley Black & Decker were worth $161,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Venturi Wealth Management LLC purchased a new stake in Stanley Black & Decker during the third quarter worth about $33,000. Achmea Investment Management B.V. purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $36,000. ICA Group Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $37,000. Castleview Partners LLC lifted its holdings in shares of Stanley Black & Decker by 343.4% in the first 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 lifted its holdings in shares of Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 231 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWK has been the topic of several recent analyst reports. Robert W. Baird reduced their price objective 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. Barclays upped 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. JPMorgan Chase & Co. reduced their price objective on shares of 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. Finally, Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Up 0.8 %

SWK stock traded up $0.75 during mid-day trading on Thursday, hitting $90.08. 368,172 shares of the company were exchanged, compared to its average volume of 1,277,645. The company has a market capitalization of $13.85 billion, a PE ratio of -43.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21. The firm has a fifty day simple moving average of $91.45 and a 200 day simple moving average of $90.58.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.60%. 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.