Orion Portfolio Solutions LLC Purchases New Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)
Orion Portfolio Solutions LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 407 shares of the industrial products company’s stock, valued at approximately $67,000.
A number of other institutional investors have also modified their holdings of SWK. Hexavest Inc. grew its position in Stanley Black & Decker by 69.1% during the fourth quarter. Hexavest Inc. now owns 159 shares of the industrial products company’s stock valued at $26,000 after buying an additional 65 shares during the period. Baystate Wealth Management LLC increased its stake in shares of Stanley Black & Decker by 80.2% during the 4th quarter. Baystate Wealth Management LLC now owns 155 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 69 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Stanley Black & Decker by 102.3% in the 4th quarter. Whittier Trust Co. now owns 261 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 132 shares during the period. Horizon Bancorp Inc. IN bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth approximately $43,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.34% of the company’s stock.
SWK has been the subject of a number of recent research reports. Robert W. Baird reissued a “buy” rating and issued a $185.00 target price on shares of Stanley Black & Decker in a research report on Thursday, February 13th. Citigroup began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $205.00 price target for the company. Barclays lowered Stanley Black & Decker to an “overweight” rating and lifted their price objective for the stock from $161.00 to $175.00 in a report on Thursday, December 5th. Deutsche Bank boosted their price objective on Stanley Black & Decker from $166.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley dropped their price objective on shares of Stanley Black & Decker from $116.00 to $99.00 and set an “overweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $167.13.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $2.18 EPS for the quarter, beating the consensus estimate of $2.16 by $0.02. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Stanley Black & Decker had a net margin of 6.62% and a return on equity of 16.97%. Stanley Black & Decker’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.86%.
About Stanley Black & Decker
Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.
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