Stanley Black & Decker, Inc. (NYSE:SWK) Position Raised by Argyle Capital Management LLC

Argyle Capital Management LLC raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 197.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,950 shares of the industrial products company's stock after acquiring an additional 3,950 shares during the period. Argyle Capital Management LLC's holdings in Stanley Black & Decker were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Stanley Black & Decker by 36.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,700 shares of the industrial products company's stock worth $1,942,000 after purchasing an additional 4,756 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in Stanley Black & Decker during the third quarter worth approximately $318,000. Pallas Capital Advisors LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $501,000. Strategic Blueprint LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $251,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in Stanley Black & Decker during the 3rd quarter worth $367,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on SWK. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Citigroup decreased 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. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective on the stock. 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, UBS Group lowered their target price 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and an average price target of $103.00.

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Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded down $1.80 during trading on Tuesday, hitting $81.46. 2,245,429 shares of the company traded hands, compared to its average volume of 1,794,363. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business's fifty day moving average is $84.95 and its 200-day moving average is $92.43.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.

About Stanley Black & Decker

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 Storage segment, and Industrial segment.