Citigroup Inc. Has $19.67 Million Stock Holdings in Stanley Black & Decker, Inc. $SWK

Citigroup Inc. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 49.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,867 shares of the industrial products company's stock after buying an additional 84,472 shares during the quarter. Citigroup Inc. owned about 0.17% of Stanley Black & Decker worth $19,671,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SWK. Golden State Wealth Management LLC increased its position in Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in Stanley Black & Decker during the first quarter worth $31,000. TD Private Client Wealth LLC increased its position in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares in the last quarter. CX Institutional purchased a new position in Stanley Black & Decker during the first quarter worth $43,000. Finally, WASHINGTON TRUST Co increased its position in Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock worth $64,000 after buying an additional 705 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK traded up $1.33 on Monday, reaching $75.39. The company had a trading volume of 833,201 shares, compared to its average volume of 2,399,032. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a market capitalization of $11.67 billion, a P/E ratio of 23.92, a PEG ratio of 1.64 and a beta of 1.16. The company has a fifty day moving average of $69.52 and a 200-day moving average of $71.75. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the firm earned $1.09 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is currently 105.40%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $91.10.

About Stanley Black & Decker

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.