Summit Securities Group LLC Invests $136,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Summit Securities Group LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,700 shares of the industrial products company’s stock, valued at approximately $136,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $36,000. Cape Investment Advisory Inc. raised its position in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $40,000. SRS Capital Advisors Inc. boosted its position in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $44,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays decreased their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Finally, UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Down 1.6 %

SWK opened at $76.46 on Friday. The business’s fifty day simple moving average is $85.03 and its 200 day simple moving average is $90.15. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm has a market cap of $11.82 billion, a P/E ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52 week low of $76.25 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts anticipate 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 was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

About Stanley Black & Decker

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 Outdoor and Industrial segments.