2,740 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,740 shares of the industrial products company’s stock, valued at approximately $219,000.

A number of other hedge funds also recently bought and sold shares of the stock. Redwood Investment Management LLC lifted its holdings in Stanley Black & Decker by 10.9% during the fourth quarter. Redwood Investment Management LLC now owns 21,451 shares of the industrial products company’s stock worth $1,722,000 after buying an additional 2,111 shares during the period. Quantinno Capital Management LP lifted its holdings in Stanley Black & Decker by 12.0% during the fourth quarter. Quantinno Capital Management LP now owns 89,872 shares of the industrial products company’s stock worth $7,216,000 after buying an additional 9,646 shares during the period. Mufg Securities Americas Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter worth $183,000. Man Group plc lifted its holdings in Stanley Black & Decker by 38.2% during the fourth quarter. Man Group plc now owns 266,208 shares of the industrial products company’s stock worth $21,374,000 after buying an additional 73,592 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its holdings in Stanley Black & Decker by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 6,394 shares of the industrial products company’s stock worth $513,000 after buying an additional 1,082 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE SWK opened at $71.42 on Monday. 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 stock’s fifty day moving average price is $67.40 and its 200 day moving average price is $79.34. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts forecast 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 will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is 136.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWK. Robert W. Baird upped their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Citigroup decreased their price objective 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. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $91.10.

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.