Invesco Ltd. Raises Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Invesco Ltd. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,139,196 shares of the industrial products company’s stock after acquiring an additional 763,219 shares during the quarter. Invesco Ltd. owned about 2.69% of Stanley Black & Decker worth $332,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. lifted its position in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. UBS Group dropped their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Barclays dropped their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Mizuho upgraded 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, Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One investment 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.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $102.20.

Stanley Black & Decker Stock Up 15.3 %

NYSE:SWK opened at $64.43 on Thursday. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The stock has a 50-day simple moving average of $80.58 and a 200 day simple moving average of $87.63. 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) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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%. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.09%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

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.