Polymer Capital Management US LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Polymer Capital Management US LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, Holdings Channel reports. The fund acquired 3,393 shares of the industrial products company’s stock, valued at approximately $272,000.

Several other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of Stanley Black & Decker by 40.1% during the fourth quarter. Russell Investments Group Ltd. now owns 287,649 shares of the industrial products company’s stock valued at $23,095,000 after buying an additional 82,389 shares during the last quarter. Wedbush Securities Inc. grew its stake in Stanley Black & Decker by 13.4% during the 4th quarter. Wedbush Securities Inc. now owns 7,408 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 877 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at about $4,859,000. Wells Fargo & Company MN raised its stake in shares of Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock worth $312,732,000 after purchasing an additional 18,778 shares during the last quarter. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $424,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

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

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $59.21 on Tuesday. The firm has a market cap of $9.15 billion, a PE ratio of 30.52, a P/E/G ratio of 1.33 and a beta of 1.14. The business has a 50-day moving average price of $82.88 and a 200 day moving average price of $88.68. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $57.77 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results 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 return on equity of 7.50% and a net margin of 1.92%. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 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.