Bank of New York Mellon Corp Buys 122,639 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of New York Mellon Corp boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,283,510 shares of the industrial products company's stock after acquiring an additional 122,639 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of Stanley Black & Decker worth $103,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strategic Blueprint LLC acquired a new stake in Stanley Black & Decker during the third quarter valued at approximately $251,000. First Trust Direct Indexing L.P. bought a new position in shares of Stanley Black & Decker in the third quarter valued at $367,000. Stephens Inc. AR lifted its position in shares of Stanley Black & Decker by 54.8% during the 3rd quarter. Stephens Inc. AR now owns 8,556 shares of the industrial products company's stock valued at $942,000 after acquiring an additional 3,029 shares during the last quarter. Allen Wealth Management LLC boosted its stake in shares of Stanley Black & Decker by 5.2% during the 3rd quarter. Allen Wealth Management LLC now owns 17,179 shares of the industrial products company's stock worth $1,892,000 after acquiring an additional 846 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Stanley Black & Decker by 5.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 218,982 shares of the industrial products company's stock worth $24,117,000 after acquiring an additional 10,621 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

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Stanley Black & Decker Trading Up 2.7 %

Shares of SWK traded up $2.23 on Wednesday, reaching $83.68. 1,888,338 shares of the company's stock were exchanged, compared to its average volume of 1,824,149. The business has a 50 day moving average price of $85.01 and a two-hundred day moving average price of $92.26. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $12.92 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

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 EPS for the quarter, beating 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%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.92%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWK shares. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. Finally, StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One research 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $103.00.

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.