Capital Research Global Investors Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Capital Research Global Investors raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 126.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,485,421 shares of the industrial products company’s stock after buying an additional 3,063,114 shares during the quarter. Capital Research Global Investors owned about 3.56% of Stanley Black & Decker worth $440,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after buying an additional 149 shares during the last quarter. Mather Group LLC. increased its stake in Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 151 shares during the last quarter. Global X Japan Co. Ltd. raised its position in Stanley Black & Decker by 3.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 172 shares during the period. Metis Global Partners LLC lifted its stake in shares of Stanley Black & Decker by 3.7% in the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock worth $1,664,000 after purchasing an additional 181 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK opened at $57.08 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a 50 day moving average of $76.67 and a two-hundred day moving average of $85.19. 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 company has a market cap of $8.82 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share 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%. As a group, analysts predict 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. Investors of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 5.75%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SWK. Jefferies Financial Group assumed coverage on 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. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. UBS Group reduced 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 research report on Friday, February 7th. Citigroup dropped their target price on 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. Finally, Barclays reduced their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.20.

About Stanley Black & Decker

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.