Capital International Sarl purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,406 shares of the industrial products company’s stock, valued at approximately $773,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in shares of Stanley Black & Decker by 1.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,020 shares of the industrial products company’s stock valued at $1,339,000 after acquiring an additional 318 shares during the last quarter. Cibc World Market Inc. increased its stake in shares of Stanley Black & Decker by 132.9% in the 4th quarter. Cibc World Market Inc. now owns 17,739 shares of the industrial products company’s stock valued at $1,318,000 after acquiring an additional 10,122 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Stanley Black & Decker by 76.5% in the 4th quarter. CIBC Asset Management Inc now owns 34,299 shares of the industrial products company’s stock valued at $2,548,000 after acquiring an additional 14,866 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Stanley Black & Decker by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,282,758 shares of the industrial products company’s stock valued at $95,283,000 after acquiring an additional 121,795 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Stanley Black & Decker by 7.3% in the 4th quarter. Natixis Advisors LLC now owns 13,631 shares of the industrial products company’s stock valued at $1,012,000 after acquiring an additional 927 shares during the last quarter. 87.77% of the stock is owned by institutional investors.
Stanley Black & Decker Price Performance
Shares of SWK opened at $78.58 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $93.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.14. The stock has a 50 day simple moving average of $75.25 and a 200 day simple moving average of $77.07. The firm has a market capitalization of $12.22 billion, a PE ratio of 32.20, a P/E/G ratio of 1.10 and a beta of 1.19.
Stanley Black & Decker Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 8th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. Stanley Black & Decker’s dividend payout ratio is 136.07%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SWK shares. Robert W. Baird set a $84.00 price target on Stanley Black & Decker in a research note on Thursday, April 30th. Argus upgraded Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Monday, April 20th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Barclays decreased their price objective on Stanley Black & Decker from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.33.
Check Out Our Latest Report on SWK
About Stanley Black & Decker
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
Further Reading
- Five stocks we like better than Stanley Black & Decker
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK – Free Report).
Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.
