Allstate Corp Invests $364,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Allstate Corp purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,538 shares of the industrial products company's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after buying an additional 495,103 shares in the last quarter. State Street Corp grew 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. Geode Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after purchasing an additional 35,100 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in Stanley Black & Decker by 7.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock valued at $128,054,000 after purchasing an additional 109,100 shares during the last quarter. Finally, Norges Bank bought a new position in Stanley Black & Decker during the fourth quarter worth about $117,231,000. 87.77% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SWK. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. One investment 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, Stanley Black & Decker has a consensus rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded down $3.67 on Monday, reaching $59.21. 6,432,531 shares of the company's stock were exchanged, compared to its average volume of 1,655,325. Stanley Black & Decker, Inc. has a twelve month low of $57.77 and a twelve month high of $110.88. The company has a fifty day moving average of $82.88 and a 200-day moving average of $88.68. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 1.33 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

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.