111 Capital Buys New Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

111 Capital purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,899 shares of the industrial products company’s stock, valued at approximately $313,000.

Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock worth $440,424,000 after purchasing an additional 3,063,114 shares during the last quarter. Norges Bank acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $117,231,000. Invesco Ltd. grew its stake in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock worth $332,336,000 after buying an additional 763,219 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock worth $177,905,000 after buying an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Stanley Black & Decker by 7,765.7% in the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company’s stock valued at $46,772,000 after acquiring an additional 575,129 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $66.52 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $64.93 and a 200 day simple moving average of $77.94. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The stock has a market cap of $10.29 billion, a P/E ratio of 34.29, a PEG ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.93%. Stanley Black & Decker’s dividend payout ratio is 136.10%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup reduced their price objective on 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. JPMorgan Chase & Co. reduced their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group assumed 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.10.

Stanley Black & Decker 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 Outdoor and Industrial segments.