Legal & General Group Plc bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 337,563 shares of the industrial products company’s stock, valued at approximately $31,771,000.
Other hedge funds have also made changes to their positions in the company. Cardinal Point Capital Management ULC grew its position in Stanley Black & Decker by 2.7% during the 4th quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Stanley Black & Decker by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 126 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Stanley Black & Decker by 4.0% in the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company’s stock worth $258,000 after buying an additional 132 shares during the period. Bessemer Group Inc. grew its holdings in shares of Stanley Black & Decker by 1.5% during the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock valued at $654,000 after buying an additional 134 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Stanley Black & Decker by 19.9% during the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock valued at $63,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Trading Down 1.4%
NYSE:SWK opened at $97.86 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.43. The company has a market capitalization of $14.78 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.33 and a beta of 1.16. The stock’s 50 day moving average price is $94.44 and its 200 day moving average price is $83.72. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $104.68.
Stanley Black & Decker Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be given a $0.84 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 8th. Stanley Black & Decker’s payout ratio is presently 80.98%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on SWK shares. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $65.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Morgan Stanley set a $96.00 price target on shares of Stanley Black & Decker in a research report on Monday, August 10th. Wall Street Zen cut shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Citigroup upped their price objective on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.25.
Check Out Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Profile
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.
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