Thrivent Financial for Lutherans Acquires 6,665 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Thrivent Financial for Lutherans boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 79.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,089 shares of the industrial products company's stock after buying an additional 6,665 shares during the period. Thrivent Financial for Lutherans' holdings in Stanley Black & Decker were worth $1,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC lifted its holdings 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 last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Stanley Black & Decker by 0.7% in 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 acquiring an additional 149 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Stanley Black & Decker by 11.1% in the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after acquiring an additional 151 shares in the last quarter. RB Capital Management LLC grew its position in Stanley Black & Decker by 1.8% during the 3rd quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company's stock worth $1,072,000 after acquiring an additional 170 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its position in 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 purchasing an additional 172 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Trading Down 15.9 %

Shares of NYSE SWK traded down $12.25 during midday trading on Thursday, reaching $64.73. 6,027,919 shares of the stock were exchanged, compared to its average volume of 1,604,141. 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 12 month low of $64.15 and a 12 month high of $110.88. The business has a 50-day simple moving average of $84.49 and a two-hundred day simple moving average of $89.69. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.92% and a return on equity of 7.50%. As a group, equities research 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 announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. UBS Group lowered their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. 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. Finally, 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 note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.