Sunriver Management LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Sunriver Management LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 354,527 shares of the industrial products company's stock, valued at approximately $28,465,000. Stanley Black & Decker makes up about 3.4% of Sunriver Management LLC's investment portfolio, making the stock its 17th biggest position. Sunriver Management LLC owned approximately 0.23% of Stanley Black & Decker as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWK. Wellington Management Group LLP increased its position in Stanley Black & Decker by 85.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,485 shares of the industrial products company's stock valued at $934,000 after acquiring an additional 3,907 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at about $203,000. MML Investors Services LLC lifted its stake in shares of Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock worth $1,740,000 after acquiring an additional 127 shares during the period. Barclays PLC increased its position in Stanley Black & Decker by 30.9% during the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock valued at $47,061,000 after purchasing an additional 100,894 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $265,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 0.5 %

NYSE:SWK traded up $0.27 on Friday, hitting $57.08. The stock had a trading volume of 2,922,374 shares, compared to its average volume of 1,756,453. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The firm's fifty day simple moving average is $76.67 and its two-hundred day simple moving average is $85.35. The stock has a market cap of $8.82 billion, a P/E ratio of 29.42, 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 quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 7.50% and a net margin of 1.92%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 5.75%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Analysts Set New Price Targets

SWK has been the subject of a number of recent analyst reports. Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and an average target price of $102.20.

Stanley Black & Decker 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.