Godsey & Gibb Inc. Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Godsey & Gibb Inc. boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,880 shares of the industrial products company's stock after buying an additional 18,440 shares during the quarter. Godsey & Gibb Inc. owned approximately 0.11% of Stanley Black & Decker worth $13,137,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after buying an additional 3,063,114 shares during the period. Norges Bank acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $117,231,000. Invesco Ltd. lifted its holdings in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Stanley Black & Decker by 44.2% in the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after purchasing an additional 679,359 shares during the period. Finally, Marshall Wace LLP lifted its stake in Stanley Black & Decker by 7,765.7% in the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after buying an additional 575,129 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research analyst reports. UBS Group dropped their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Robert W. Baird raised their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Stock Up 1.1%

SWK stock traded up $0.74 during trading on Friday, reaching $66.19. 1,739,140 shares of the stock were exchanged, compared to its average volume of 1,953,530. The firm's 50 day moving average is $63.43 and its 200 day moving average is $77.07. 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. The firm has a market cap of $10.24 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18.

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

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Stanley Black & Decker Company 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.