CANADA LIFE ASSURANCE Co Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

CANADA LIFE ASSURANCE Co lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,805 shares of the industrial products company's stock after buying an additional 16,285 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.10% of Stanley Black & Decker worth $11,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ally Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $963,000. Canada Pension Plan Investment Board grew its stake in shares of Stanley Black & Decker by 1.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 192,403 shares of the industrial products company's stock valued at $15,448,000 after buying an additional 3,474 shares during the period. Marshall Wace LLP increased its holdings in shares of Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after buying an additional 575,129 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $632,000. Finally, Guggenheim Capital LLC lifted its holdings in Stanley Black & Decker by 10.3% in the fourth quarter. Guggenheim Capital LLC now owns 18,267 shares of the industrial products company's stock valued at $1,467,000 after acquiring an additional 1,703 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SWK shares. Citigroup reduced their target price 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. UBS Group decreased their target price 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. Jefferies Financial Group began 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 target for the company. Wells Fargo & Company decreased their price objective 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. Finally, Barclays cut their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. One investment 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.20.

Stanley Black & Decker Stock Down 0.4 %

SWK traded down $0.27 on Friday, hitting $61.65. 1,994,812 shares of the company were exchanged, compared to its average volume of 1,779,287. The firm has a 50-day moving average price of $74.46 and a two-hundred day moving average price of $84.01. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating 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, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.32%. Stanley Black & Decker's payout ratio is currently 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.