Venturi Wealth Management LLC Acquires 298 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Venturi Wealth Management LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,744 shares of the industrial products company’s stock after purchasing an additional 298 shares during the quarter. Venturi Wealth Management LLC’s holdings in Stanley Black & Decker were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SWK. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% in 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 acquiring an additional 652,780 shares during the period. State Street Corp raised its position 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 acquiring an additional 549,531 shares during the period. International Assets Investment Management LLC raised its position in shares of Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after acquiring an additional 390,941 shares during the period. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after acquiring an additional 267,723 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 8.6% in 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 acquiring an additional 235,106 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE SWK opened at $87.95 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a market capitalization of $13.58 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The firm’s 50 day moving average is $84.23 and its 200-day moving average is $92.89.

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, 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%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 3.73%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of analyst reports. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday. They issued a “buy” rating and a $103.00 price target on the stock. Citigroup dropped their target price on shares of 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 dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $103.00.

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.