Y Intercept Hong Kong Ltd Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Y Intercept Hong Kong Ltd purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the industrial products company's stock, valued at approximately $401,000.

Other institutional investors also recently bought and sold shares of the company. Americana Partners LLC increased its position in Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after acquiring an additional 72,637 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $1,386,000. Avanza Fonder AB purchased a new position in Stanley Black & Decker in the 4th quarter valued at $1,287,000. State Street Corp increased its stake in Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after buying an additional 549,531 shares during the period. Finally, FMR LLC raised its position in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after buying an additional 267,723 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SWK. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Finally, UBS Group reduced their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $103.00.

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Stanley Black & Decker Trading Up 3.9 %

SWK stock traded up $3.28 during midday trading on Friday, hitting $88.39. The stock had a trading volume of 1,171,553 shares, compared to its average volume of 1,808,850. The company's 50-day moving average price is $85.10 and its 200 day moving average price is $92.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market cap of $13.65 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.

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 Storage segment, and Industrial segment.