Renaissance Technologies LLC Purchases 147,600 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Renaissance Technologies LLC increased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 693,362 shares of the industrial products company's stock after purchasing an additional 147,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.45% of Stanley Black & Decker worth $55,670,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its holdings in Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock valued at $1,740,000 after buying an additional 127 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of 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 worth $1,758,000 after purchasing an additional 149 shares during the last quarter. Mather Group LLC. increased its holdings in Stanley Black & Decker by 11.1% in the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock valued at $121,000 after purchasing an additional 151 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in shares of Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 172 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Stanley Black & Decker by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after purchasing an additional 180 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Mizuho raised 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 dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Citigroup reduced their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. UBS Group cut 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 report on Friday, February 7th. Finally, Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $102.20.

Stanley Black & Decker Stock Performance

SWK stock traded down $0.59 during trading hours on Tuesday, reaching $59.51. The stock had a trading volume of 756,965 shares, compared to its average volume of 1,736,467. The stock has a market capitalization of $9.20 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The stock has a 50-day simple moving average of $78.98 and a 200 day simple moving average of $86.47. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. 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 (NYSE:SWK - Get Free Report) last posted its quarterly 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 return on equity of 7.50% and a net margin of 1.92%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.51%. Stanley Black & Decker's dividend payout ratio is currently 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.