Centiva Capital LP Takes $366,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Centiva Capital LP purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,553 shares of the industrial products company's stock, valued at approximately $366,000.

A number of other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after buying an additional 149 shares during the last quarter. Mather Group LLC. raised its stake in shares of Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock valued at $121,000 after acquiring an additional 151 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Stanley Black & Decker by 3.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock worth $406,000 after purchasing an additional 172 shares during the period. Metis Global Partners LLC grew its stake in shares of Stanley Black & Decker by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after purchasing an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in Stanley Black & Decker by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock valued at $1,664,000 after purchasing an additional 181 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on SWK shares. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Citigroup reduced their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, UBS Group lowered their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Stock Down 1.6%

Stanley Black & Decker stock traded down $1.16 during midday trading on Thursday, hitting $70.70. 2,120,593 shares of the stock were exchanged, compared to its average volume of 1,857,472. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $67.95 and its 200-day moving average price is $79.91. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.

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

Stanley Black & Decker Announces Dividend

The firm 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 4.64%. Stanley Black & Decker's payout ratio is 136.10%.

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.