Centiva Capital LP Invests $366,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Centiva Capital LP purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,553 shares of the industrial products company’s stock, valued at approximately $366,000.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock valued at $47,061,000 after purchasing an additional 100,894 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company’s stock valued at $19,504,000 after buying an additional 5,493 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Stanley Black & Decker by 9.5% in the 4th quarter. Nordea Investment Management AB now owns 13,167 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 1,142 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Stanley Black & Decker by 68.9% during the 4th quarter. ORG Partners LLC now owns 1,902 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 776 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Stanley Black & Decker by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,734 shares of the industrial products company’s stock valued at $6,322,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 1.4%

Shares of SWK stock opened at $62.71 on Monday. The stock has a market capitalization of $9.70 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The company has a 50 day moving average price of $68.75 and a 200 day moving average price of $80.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Stanley Black & Decker’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio is presently 136.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. UBS Group reduced their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.70.

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.