Ally Financial Inc. Purchases Shares of 12,000 Stanley Black & Decker, Inc. (NYSE:SWK)

Ally Financial Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,000 shares of the industrial products company's stock, valued at approximately $963,000.

Several other institutional investors and hedge funds have also modified their holdings of SWK. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $36,000. Cape Investment Advisory Inc. lifted its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. boosted its holdings in shares of 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 valued at $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth $44,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of 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 decreased their price objective 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. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. Finally, Barclays cut their price objective on 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus price target of $102.20.

Stanley Black & Decker Trading Up 4.4 %

SWK stock traded up $2.48 on Tuesday, reaching $58.85. The company's stock had a trading volume of 717,110 shares, compared to its average volume of 2,255,111. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month 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 business has a fifty day simple moving average of $76.09 and a two-hundred day simple moving average of $84.68. The firm has a market cap of $9.09 billion, a PE ratio of 30.34, a PEG ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 5.57%. The ex-dividend date 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.