Mariner LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 590.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 435,295 shares of the industrial products company's stock after buying an additional 372,247 shares during the period. Mariner LLC owned about 0.28% of Stanley Black & Decker worth $34,950,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of SWK. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth about $36,000. Cape Investment Advisory Inc. lifted its stake in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. lifted its position in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after buying an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter worth approximately $44,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on SWK. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. UBS Group reduced their price target on shares of 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. Barclays lowered their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Citigroup decreased their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. One investment 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $102.20.
View Our Latest Stock Analysis on SWK
Stanley Black & Decker Trading Up 0.5 %
Shares of NYSE SWK traded up $0.27 during mid-day trading on Friday, hitting $57.08. 2,922,374 shares of the company traded hands, compared to its average volume of 1,756,453. The business has a 50 day moving average of $76.67 and a two-hundred day moving average of $85.35. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS 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%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.
Stanley Black & Decker Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 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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