Arrowstreet Capital Limited Partnership Makes New $12 Million Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Arrowstreet Capital Limited Partnership bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 149,453 shares of the industrial products company's stock, valued at approximately $12,000,000. Arrowstreet Capital Limited Partnership owned approximately 0.10% of Stanley Black & Decker as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allstate Corp acquired a new stake in Stanley Black & Decker during the 4th quarter worth about $364,000. Pictet Asset Management Holding SA grew its holdings in Stanley Black & Decker by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 89,767 shares of the industrial products company's stock worth $7,207,000 after acquiring an additional 3,044 shares during the period. Norges Bank acquired a new stake in Stanley Black & Decker during the 4th quarter worth about $117,231,000. Blair William & Co. IL grew its holdings in Stanley Black & Decker by 7.7% during the 4th quarter. Blair William & Co. IL now owns 10,020 shares of the industrial products company's stock worth $804,000 after acquiring an additional 716 shares during the period. Finally, NEOS Investment Management LLC grew its stake in shares of Stanley Black & Decker by 25.6% in the 4th quarter. NEOS Investment Management LLC now owns 6,074 shares of the industrial products company's stock valued at $488,000 after buying an additional 1,238 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho raised 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 research report on Thursday, December 19th. One investment 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. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

SWK stock traded down $5.58 during midday trading on Thursday, reaching $58.64. 991,997 shares of the company's stock traded hands, compared to its average volume of 2,167,671. The company has a 50-day moving average price of $80.58 and a two-hundred day moving average price of $87.63. The firm has a market capitalization of $9.06 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (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 anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is currently 169.07%.

Stanley Black & Decker 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.