NewSquare Capital LLC Has $7.94 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

NewSquare Capital LLC increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,283 shares of the industrial products company’s stock after purchasing an additional 1,712 shares during the quarter. NewSquare Capital LLC owned approximately 0.05% of Stanley Black & Decker worth $7,936,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SWK. Foresight Capital Management Advisors Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at $2,593,000. Charles Schwab Investment Management Inc. grew its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after acquiring an additional 13,540 shares during the period. Vest Financial LLC boosted its holdings in Stanley Black & Decker by 44.0% in the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after buying an additional 103,403 shares during the period. Neo Ivy Capital Management bought a new position in Stanley Black & Decker in the 3rd quarter worth approximately $1,605,000. Finally, Manchester Financial Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $2,067,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.6 %

SWK traded up $1.40 during midday trading on Tuesday, reaching $90.75. The company’s stock had a trading volume of 1,095,518 shares, compared to its average volume of 1,284,562. The stock’s 50-day moving average is $91.43 and its 200-day moving average is $90.89. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of -42.96, a PEG ratio of 2.41 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a yield of 3.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

Analyst Ratings Changes

Several brokerages have commented on SWK. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Barclays lifted their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.