Vanguard Group Inc. Purchases 495,103 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Vanguard Group Inc. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,186,011 shares of the industrial products company’s stock after buying an additional 495,103 shares during the period. Vanguard Group Inc. owned 0.12% of Stanley Black & Decker worth $1,540,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. boosted its position in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC purchased a new position in Stanley Black & Decker during the 4th quarter worth $40,000. SRS Capital Advisors Inc. increased its position in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target 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. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. UBS Group dropped their price objective 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. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $77.74 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.29 and a 52-week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.01 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The business has a 50-day simple moving average of $85.19 and a 200-day simple moving average of $90.34.

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

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors 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 yield of 4.22%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

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.