Investors Buy Shares of Stanley Black & Decker (SWK) on Weakness

Investors purchased shares of Stanley Black & Decker, Inc. (NYSE:SWK) on weakness during trading hours on Tuesday. $94.06 million flowed into the stock on the tick-up and $50.66 million flowed out of the stock on the tick-down, for a money net flow of $43.40 million into the stock. Of all companies tracked, Stanley Black & Decker had the 26th highest net in-flow for the day. Stanley Black & Decker traded down ($2.32) for the day and closed at $149.17

Several brokerages have recently issued reports on SWK. Wolfe Research began coverage on shares of Stanley Black & Decker in a report on Wednesday, June 27th. They issued a “market perform” rating for the company. ValuEngine lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Wells Fargo & Co decreased their price target on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Robert W. Baird reissued a “neutral” rating on shares of Stanley Black & Decker in a report on Friday, July 20th. Finally, B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $178.69.

The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.54. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. equities research analysts predict that Stanley Black & Decker, Inc. will post 8.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were paid a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a yield of 1.77%. Stanley Black & Decker’s dividend payout ratio is presently 35.44%.

In related news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Stanley Black & Decker in the 1st quarter worth $117,000. Flagship Harbor Advisors LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $136,000. TLP Group LLC boosted its stake in shares of Stanley Black & Decker by 32.8% during the 1st quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock worth $228,000 after buying an additional 367 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $204,000. Finally, Aristotle Atlantic Partners LLC acquired a new position in shares of Stanley Black & Decker during the 1st quarter worth about $243,000. 83.52% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Company Profile (NYSE:SWK)

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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