Cooke & Bieler LP Has $117.47 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Cooke & Bieler LP decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,463,023 shares of the industrial products company's stock after selling 34,971 shares during the period. Cooke & Bieler LP owned 0.95% of Stanley Black & Decker worth $117,466,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after buying an additional 652,780 shares during the last quarter. State Street Corp grew its stake in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Amundi grew its stake in shares of Stanley Black & Decker by 124.7% during the fourth quarter. Amundi now owns 807,859 shares of the industrial products company's stock valued at $65,889,000 after purchasing an additional 448,411 shares during the last quarter. FMR LLC grew its stake in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock valued at $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Stanley Black & Decker by 485.1% during the fourth quarter. National Pension Service now owns 290,385 shares of the industrial products company's stock valued at $23,315,000 after purchasing an additional 240,752 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SWK. Citigroup decreased 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. Mizuho raised 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 research note on Thursday, December 19th. UBS Group reduced their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Barclays reduced their price objective on shares of 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. Finally, Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $103.00.

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Stanley Black & Decker Trading Down 2.3 %

SWK opened at $86.94 on Tuesday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm's fifty day moving average is $85.41 and its two-hundred day moving average is $92.00. The firm has a market cap of $13.43 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is presently 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.

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