Blueshift Asset Management LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Blueshift Asset Management LLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,667 shares of the industrial products company's stock, valued at approximately $535,000.

Several other large investors have also added to or reduced their stakes in SWK. State Street Corp raised its stake in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Geode Capital Management LLC grew its holdings in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock worth $392,882,000 after buying an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company's stock valued at $326,960,000 after buying an additional 235,106 shares during the last quarter. Clean Energy Transition LLP lifted its stake in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after acquiring an additional 652,780 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after acquiring an additional 109,100 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Stock Performance

Shares of SWK stock traded down $1.56 on Tuesday, hitting $80.44. 1,702,631 shares of the stock were exchanged, compared to its average volume of 1,533,910. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The firm's 50 day moving average is $85.45 and its two-hundred day moving average is $90.63. The firm has a market capitalization of $12.43 billion, a PE ratio of 41.46, a P/E/G ratio of 1.33 and a beta of 1.25. 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 posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share 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%. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's payout ratio is currently 169.07%.

Analyst Ratings Changes

A number of research analysts recently weighed in on SWK shares. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Barclays cut their target price on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. 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 research report on Thursday, February 6th. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Finally, Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock 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 Outdoor and Industrial segments.