Pinebridge Investments L.P. Purchases New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Pinebridge Investments L.P. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 108,518 shares of the industrial products company's stock, valued at approximately $8,713,000. Pinebridge Investments L.P. owned 0.07% of Stanley Black & Decker as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after buying an additional 246,800 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Stanley Black & Decker by 93.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,009 shares of the industrial products company's stock worth $1,044,000 after acquiring an additional 6,281 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Stanley Black & Decker by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 40,792 shares of the industrial products company's stock worth $3,275,000 after acquiring an additional 768 shares in the last quarter. Norinchukin Bank The boosted its holdings in Stanley Black & Decker by 3.8% in the fourth quarter. Norinchukin Bank The now owns 6,166 shares of the industrial products company's stock valued at $495,000 after purchasing an additional 228 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in Stanley Black & Decker by 249.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,132 shares of the industrial products company's stock valued at $1,616,000 after purchasing an additional 14,368 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded down $2.40 on Wednesday, reaching $58.86. 1,702,157 shares of the stock were exchanged, compared to its average volume of 1,789,001. The stock has a market cap of $9.10 billion, a PE ratio of 30.34, a PEG ratio of 1.33 and a beta of 1.14. The firm has a fifty day moving average price of $72.84 and a two-hundred day moving average price of $82.90. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. During the same period in the previous year, the business posted $0.56 earnings per share. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.57%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SWK shares. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Barclays decreased their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. 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 on the stock in a research report on Tuesday, January 7th. Finally, Citigroup lowered their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker 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.