River Global Investors LLP Has $831,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

River Global Investors LLP reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,346 shares of the industrial products company's stock after selling 5,860 shares during the quarter. River Global Investors LLP's holdings in Stanley Black & Decker were worth $831,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Machina Capital S.A.S. bought a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $650,000. Andra AP fonden purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth $1,373,000. Edgestream Partners L.P. purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth $2,212,000. Raymond James Financial Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $15,607,000. Finally, Arizona State Retirement System lifted its position in Stanley Black & Decker by 1.4% during the fourth quarter. Arizona State Retirement System now owns 44,717 shares of the industrial products company's stock valued at $3,590,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Citigroup cut their target price on 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 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. UBS Group reduced their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $103.00.

Remove Ads

Stanley Black & Decker Trading Down 2.1 %

Shares of NYSE:SWK traded down $1.70 during trading on Wednesday, reaching $81.16. 1,533,593 shares of the stock were exchanged, compared to its average volume of 1,851,370. 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 has a market cap of $12.53 billion, a price-to-earnings ratio of 41.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The firm's 50-day moving average price is $85.46 and its 200 day moving average price is $91.87. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month 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 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%. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Stanley Black & Decker 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 Storage segment, and Industrial segment.