FIL Ltd Has $53.67 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

FIL Ltd trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 668,449 shares of the industrial products company's stock after selling 48,805 shares during the period. FIL Ltd owned approximately 0.43% of Stanley Black & Decker worth $53,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. MML Investors Services LLC grew its stake in shares of Stanley Black & Decker by 0.8% during the 3rd 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after buying an additional 149 shares during the last quarter. Mather Group LLC. lifted its position in Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after buying an additional 151 shares in the last quarter. Global X Japan Co. Ltd. boosted its stake in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock worth $406,000 after buying an additional 172 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Stanley Black & Decker by 3.7% in the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock valued at $410,000 after acquiring an additional 180 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SWK shares. Wells Fargo & Company cut their price target on shares of 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. Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. Citigroup cut their price objective 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. UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

NYSE SWK traded down $0.41 on Tuesday, hitting $59.69. 708,063 shares of the company's stock were exchanged, compared to its average volume of 2,239,106. 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, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.33 and a beta of 1.14. The stock has a 50-day moving average of $78.98 and a 200-day moving average of $86.47.

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

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 5.50%. Stanley Black & Decker's payout ratio is 169.07%.

Stanley Black & Decker Company 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.