Invesco Ltd. Has $332.34 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Invesco Ltd. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,139,196 shares of the industrial products company's stock after buying an additional 763,219 shares during the quarter. Invesco Ltd. owned about 2.69% of Stanley Black & Decker worth $332,336,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Americana Partners LLC raised its position in shares of Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after buying an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Stanley Black & Decker in the fourth quarter worth approximately $1,386,000. Avanza Fonder AB acquired a new position in shares of Stanley Black & Decker during the 4th quarter valued at $1,287,000. Geode Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after buying an additional 35,100 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Stanley Black & Decker by 12.6% during the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock valued at $18,298,000 after buying an additional 18,776 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SWK shares. Jefferies Financial Group assumed 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 objective for the company. 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 research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. UBS Group cut their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Down 0.4 %

Stanley Black & Decker stock traded down $0.23 during trading hours on Tuesday, hitting $59.87. The company had a trading volume of 696,688 shares, compared to its average volume of 1,736,257. The firm's fifty day moving average is $78.98 and its 200-day moving average is $86.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm has a market capitalization of $9.25 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

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 earnings per share (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%. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend was 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 Outdoor and Industrial segments.