Franklin Resources Inc. Grows Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Franklin Resources Inc. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 169,402 shares of the industrial products company’s stock after acquiring an additional 1,303 shares during the period. Franklin Resources Inc.’s holdings in Stanley Black & Decker were worth $13,601,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $117,231,000. Vanguard Group Inc. raised its position in Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock worth $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Amundi lifted its stake in Stanley Black & Decker by 124.7% during the 4th quarter. Amundi now owns 807,859 shares of the industrial products company’s stock valued at $65,889,000 after acquiring an additional 448,411 shares during the period. National Pension Service boosted its holdings in shares of Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock valued at $23,315,000 after acquiring an additional 240,752 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Stanley Black & Decker by 886.5% in the fourth quarter. KBC Group NV now owns 224,818 shares of the industrial products company’s stock worth $18,050,000 after acquiring an additional 202,028 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $59.21 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The company’s fifty day moving average price is $82.88 and its 200 day moving average price is $88.68. The stock has a market capitalization of $9.15 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 1 year low of $57.77 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results 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 net margin of 1.92% and a return on equity of 7.50%. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Citigroup dropped their price objective on shares of 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. Finally, UBS Group decreased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.