Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 70.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,030 shares of the industrial products company’s stock after acquiring an additional 33,366 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.05% of Stanley Black & Decker worth $6,506,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $36,000. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $44,000. Crews Bank & Trust purchased a new stake in Stanley Black & Decker during the fourth quarter worth approximately $49,000. Sunbelt Securities Inc. grew its stake in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after buying an additional 513 shares during the period. Finally, R Squared Ltd purchased a new stake in Stanley Black & Decker during the fourth quarter worth approximately $54,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Citigroup decreased their price objective on shares of 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. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday. They set a “buy” rating and a $103.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Trading Down 2.2 %

SWK opened at $87.95 on Friday. The stock has a market capitalization of $13.58 billion, a PE ratio of 45.34, a P/E/G ratio of 1.33 and a beta of 1.24. The firm’s fifty day moving average price is $84.33 and its 200 day moving average price is $92.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.73%. Stanley Black & Decker’s dividend 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 Storage segment, and Industrial segment.