Ridgewood Investments LLC Buys Shares of 450 Stanley Black & Decker, Inc. (NYSE:SWK)

Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 450 shares of the industrial products company’s stock, valued at approximately $36,000.

A number of other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC lifted its stake in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $59,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $72,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Stanley Black & Decker by 363.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 513 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $80.04 on Friday. The firm’s 50-day moving average is $85.15 and its 200-day moving average is $93.09. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The company has a market cap of $12.34 billion, a price-to-earnings ratio of -58.42, a PEG ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.10%. Stanley Black & Decker’s payout ratio is currently -239.42%.

Stanley Black & Decker Company 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.