CenterBook Partners LP bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,165 shares of the industrial products company's stock, valued at approximately $896,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Stanley Black & Decker by 85.3% during the third quarter. Wellington Management Group LLP now owns 8,485 shares of the industrial products company's stock worth $934,000 after purchasing an additional 3,907 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in Stanley Black & Decker in the third quarter valued at approximately $203,000. MML Investors Services LLC grew its position in shares of Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock worth $1,740,000 after acquiring an additional 127 shares during the last quarter. Barclays PLC increased its holdings in shares of Stanley Black & Decker by 30.9% in the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock valued at $47,061,000 after acquiring an additional 100,894 shares during the period. Finally, Geode Capital Management LLC raised its position in Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after purchasing an additional 35,100 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SWK shares. Barclays lowered their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report 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. 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. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $102.20.
Check Out Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Price Performance
NYSE SWK traded down $1.18 during mid-day trading on Tuesday, hitting $58.92. The stock had a trading volume of 2,268,710 shares, compared to its average volume of 1,741,977. The company has a 50 day simple moving average of $78.98 and a 200 day simple moving average of $86.47. 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 company has a market cap of $9.11 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.33 and a beta of 1.14. 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 released its quarterly 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 return on equity of 7.50% and a net margin of 1.92%. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.
Stanley Black & Decker Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.57%. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.
About Stanley Black & Decker
(
Free Report)
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.
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