Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,895,026 shares of the industrial products company’s stock after acquiring an additional 18,778 shares during the quarter. Wells Fargo & Company MN owned approximately 2.53% of Stanley Black & Decker worth $312,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $36,000. Cape Investment Advisory Inc. raised its position in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. grew its position in 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 worth $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in Stanley Black & Decker during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.9 %

SWK opened at $62.78 on Friday. The business has a fifty day moving average price of $83.50 and a 200 day moving average price of $89.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 12 month low of $57.77 and a 12 month high of $110.88. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.23%. Stanley Black & Decker’s payout ratio is 169.07%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SWK shares. Barclays lowered their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Citigroup lowered their price objective on shares of 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. UBS Group cut their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $102.20.

Stanley Black & Decker Company 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.