Ieq Capital LLC Has $4.51 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Ieq Capital LLC increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 638.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,210 shares of the industrial products company’s stock after buying an additional 48,601 shares during the period. Ieq Capital LLC’s holdings in Stanley Black & Decker were worth $4,513,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after buying an additional 549,531 shares during the period. Geode Capital Management LLC boosted its stake in Stanley Black & Decker by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Stanley Black & Decker by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after purchasing an additional 235,106 shares during the last quarter. Clean Energy Transition LLP boosted its stake in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after purchasing an additional 109,100 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $87.95 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company’s 50 day moving average price is $84.23 and its two-hundred day moving average price is $92.89. 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 stock has a market cap of $13.58 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.32 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

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 of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.73%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Citigroup cut their price target on 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. Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $103.00.

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 Storage segment, and Industrial segment.