Rhumbline Advisers grew its position in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,603 shares of the industrial products company’s stock after buying an additional 8,316 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Stanley Black & Decker worth $47,835,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SWK. Capital Research Global Investors lifted its position in shares of Stanley Black & Decker by 5.6% in the 3rd quarter. Capital Research Global Investors now owns 8,941,280 shares of the industrial products company’s stock valued at $1,567,552,000 after acquiring an additional 475,849 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Stanley Black & Decker by 2.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,526,964 shares of the industrial products company’s stock valued at $1,419,736,000 after purchasing an additional 198,873 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Stanley Black & Decker by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,850,537 shares of the industrial products company’s stock worth $498,385,000 after buying an additional 75,835 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Stanley Black & Decker by 5.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,754,532 shares of the industrial products company’s stock valued at $519,560,000 after buying an additional 149,845 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Stanley Black & Decker by 9.3% during the third quarter. Franklin Resources Inc. now owns 2,506,729 shares of the industrial products company’s stock valued at $439,455,000 after buying an additional 213,243 shares during the period. 88.60% of the stock is currently owned by institutional investors and hedge funds.
In other Stanley Black & Decker news, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $155.91, for a total value of $1,030,721.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jocelyn Belisle sold 3,244 shares of the business’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.
Stanley Black & Decker (NYSE:SWK – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.42. Stanley Black & Decker had a net margin of 8.07% and a return on equity of 16.16%. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.62 billion. During the same period in the previous year, the company earned $3.13 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 10.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Tuesday, June 7th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, June 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is 37.53%.
Several equities analysts have weighed in on the company. Robert W. Baird lowered their target price on Stanley Black & Decker from $230.00 to $188.00 in a research note on Monday, April 25th. Bank of America dropped their price objective on shares of Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 9th. TheStreet lowered shares of Stanley Black & Decker from a “b-” rating to a “c+” rating in a research note on Wednesday, March 30th. StockNews.com raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, The Goldman Sachs Group reduced their price objective on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $170.69.
About Stanley Black & Decker (Get Rating)
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
- Get a free copy of the StockNews.com research report on Stanley Black & Decker (SWK)
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