Franklin Resources Inc. Raises Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Franklin Resources Inc. grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,402 shares of the industrial products company’s stock after buying an additional 1,303 shares during the quarter. Franklin Resources Inc. owned 0.11% of Stanley Black & Decker worth $13,601,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SWK. MML Investors Services LLC raised its position in Stanley Black & Decker by 0.8% during the third 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 raised its holdings in Stanley Black & Decker by 0.7% during the 4th 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. lifted its position 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 during the last quarter. RB Capital Management LLC boosted its stake in Stanley Black & Decker by 1.8% during 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. increased its position in Stanley Black & Decker by 3.5% during the fourth 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 during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $59.21 on Tuesday. The stock has a market capitalization of $9.15 billion, a PE ratio of 30.52, a PEG ratio of 1.33 and a beta of 1.14. The company has a 50 day moving average price of $82.88 and a 200-day moving average price of $88.68. 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, Inc. has a fifty-two week low of $57.77 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results 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 return on equity of 7.50% and a net margin of 1.92%. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of recent analyst reports. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Barclays cut their target price on 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. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. Citigroup decreased their target price 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. Finally, UBS Group cut 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.