Vanguard Group Inc. Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Vanguard Group Inc. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,186,011 shares of the industrial products company’s stock after acquiring an additional 495,103 shares during the period. Vanguard Group Inc. owned approximately 12.45% of Stanley Black & Decker worth $1,540,445,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SWK. LPL Financial LLC lifted its position in shares of Stanley Black & Decker by 0.5% in the fourth quarter. LPL Financial LLC now owns 96,080 shares of the industrial products company’s stock worth $7,714,000 after buying an additional 453 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $1,101,000. KLP Kapitalforvaltning AS bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $4,404,000. Virtu Financial LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $231,000. Finally, Quantbot Technologies LP grew its holdings in shares of Stanley Black & Decker by 673.7% in the fourth quarter. Quantbot Technologies LP now owns 80,881 shares of the industrial products company’s stock valued at $6,494,000 after purchasing an additional 70,427 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $77.74 on Friday. The company has a market capitalization of $12.01 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52 week low of $77.29 and a 52 week high of $110.88. 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 stock’s fifty day moving average is $85.19 and its two-hundred day moving average is $90.34.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

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 dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased 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 report on Tuesday, January 7th. UBS Group dropped their price target on 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 objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Mizuho raised 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target 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.