Royal London Asset Management Ltd. Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Royal London Asset Management Ltd. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,407 shares of the industrial products company's stock after purchasing an additional 8,291 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Stanley Black & Decker worth $6,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after acquiring an additional 549,531 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock worth $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Clean Energy Transition LLP grew its holdings in shares of Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after purchasing an additional 652,780 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Stanley Black & Decker by 7.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after buying an additional 109,100 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Stanley Black & Decker by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company's stock valued at $103,053,000 after buying an additional 122,639 shares during the period. Institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Price Performance

SWK traded down $0.70 on Thursday, reaching $77.74. 1,654,243 shares of the company's stock were exchanged, compared to its average volume of 1,538,053. The stock has a market cap of $12.01 billion, a PE ratio of 40.07, a P/E/G ratio of 1.33 and a beta of 1.25. 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, Inc. has a twelve month low of $77.32 and a twelve month high of $110.88. The stock's fifty day moving average price is $85.31 and its 200-day moving average price is $90.42.

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 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. Stanley Black & Decker's payout ratio is 169.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SWK. Mizuho raised shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Barclays reduced their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday. Wells Fargo & Company lowered 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 report on Tuesday, January 7th. 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. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $102.20.

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.