Stanley Black & Decker, Inc. (NYSE:SWK) Stake Boosted by Invesco Ltd.

Invesco Ltd. grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 22.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,139,196 shares of the industrial products company’s stock after acquiring an additional 763,219 shares during the period. Invesco Ltd.’s holdings in Stanley Black & Decker were worth $332,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SWK. Polymer Capital Management US LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth $272,000. Russell Investments Group Ltd. lifted its position in Stanley Black & Decker by 40.1% during the 4th quarter. Russell Investments Group Ltd. now owns 287,649 shares of the industrial products company’s stock worth $23,095,000 after acquiring an additional 82,389 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Stanley Black & Decker by 13.4% during the fourth quarter. Wedbush Securities Inc. now owns 7,408 shares of the industrial products company’s stock valued at $595,000 after buying an additional 877 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $4,859,000. Finally, Wells Fargo & Company MN raised its position in shares of Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock valued at $312,732,000 after buying an additional 18,778 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $64.43 on Thursday. 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 market capitalization of $9.96 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The firm’s 50-day moving average price is $80.58 and its two-hundred day moving average price is $87.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.09%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SWK shares. Wells Fargo & Company cut their price objective on shares of 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. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Citigroup cut 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. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.20.

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.