Wells Fargo & Company MN Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Wells Fargo & Company MN lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,895,026 shares of the industrial products company's stock after acquiring an additional 18,778 shares during the period. Wells Fargo & Company MN owned approximately 2.53% of Stanley Black & Decker worth $312,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. grew its position in shares of Stanley Black & Decker by 107.2% during 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 purchased a new position in Stanley Black & Decker during the fourth quarter worth about $40,000. SRS Capital Advisors Inc. increased its position in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $44,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group started 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 on the stock. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Finally, UBS Group decreased 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 note on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Down 11.3 %

SWK stock traded down $7.27 during midday trading on Thursday, hitting $56.95. The stock had a trading volume of 2,334,471 shares, compared to its average volume of 1,709,623. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The business has a 50-day moving average of $80.58 and a two-hundred day moving average of $87.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Tuesday, March 4th. 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.