Capital Research Global Investors lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 0.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,856,517 shares of the industrial products company’s stock after acquiring an additional 88,402 shares during the period. Capital Research Global Investors owned approximately 0.08% of Stanley Black & Decker worth $954,991,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new position in Stanley Black & Decker during the 3rd quarter valued at approximately $31,000. Finally, MUFG Securities EMEA plc acquired a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.77% of the company’s stock.
Stanley Black & Decker Trading Down 1.1%
Shares of SWK stock opened at $78.48 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.14. Stanley Black & Decker, Inc. has a 1 year low of $61.90 and a 1 year high of $93.37. The stock has a fifty day moving average of $75.09 and a two-hundred day moving average of $76.86. The firm has a market capitalization of $12.20 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19.
Stanley Black & Decker Dividend Announcement
The firm 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. This represents a $3.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, June 8th. Stanley Black & Decker’s payout ratio is 136.07%.
Analyst Ratings Changes
A number of research firms recently issued reports on SWK. Barclays reduced 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. Argus upgraded Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $84.00 price objective on Stanley Black & Decker in a research report on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Four 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 company’s stock. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $87.33.
Get Our Latest Stock Report on Stanley Black & Decker
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.
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