Massachusetts Financial Services Co. MA Buys 129,614 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,098,469 shares of the industrial products company's stock after buying an additional 129,614 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.01% of Stanley Black & Decker worth $248,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MML Investors Services LLC increased its position in Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock valued at $1,740,000 after purchasing an additional 127 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after buying an additional 149 shares during the period. Mather Group LLC. raised its stake 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 worth $121,000 after buying an additional 151 shares in the last quarter. RB Capital Management LLC lifted its holdings in Stanley Black & Decker by 1.8% in the third quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company's stock worth $1,072,000 after buying an additional 170 shares during the period. Finally, Global X Japan Co. Ltd. boosted its position in Stanley Black & Decker by 3.5% during 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 in the last quarter. 87.77% of the stock is currently owned by institutional investors.

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Stanley Black & Decker Stock Performance

SWK traded down $2.26 during midday trading on Tuesday, hitting $57.01. 4,637,157 shares of the company traded hands, compared to its average volume of 1,668,074. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company's 50-day moving average is $82.88 and its 200 day moving average is $88.68. Stanley Black & Decker, Inc. has a 52 week low of $56.56 and a 52 week high of $110.88. The firm has a market capitalization of $8.81 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

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 (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%. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 5.75%. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Mizuho upgraded 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 report on Thursday, December 19th. Barclays decreased their price target 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, March 26th. 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 report on Friday, February 7th. Finally, Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and an average target price of $102.20.

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.