Forum Financial Management LP Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Forum Financial Management LP lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 88.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,814 shares of the industrial products company’s stock after purchasing an additional 2,253 shares during the quarter. Forum Financial Management LP’s holdings in Stanley Black & Decker were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $36,000. Cape Investment Advisory Inc. boosted its stake 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 valued at $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at $40,000. SRS Capital Advisors Inc. raised its position in 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 during the period. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker in the fourth quarter worth $44,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

SWK stock opened at $57.08 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The firm has a 50-day moving average of $76.67 and a 200 day moving average of $85.03. The company has a market cap of $8.82 billion, a P/E ratio of 29.42, a PEG ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analyst Ratings Changes

SWK has been the topic of several analyst reports. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Wells Fargo & Company dropped their price objective 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. Citigroup decreased 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 research note on Thursday, February 6th. Barclays dropped their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.20.

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 Outdoor and Industrial segments.