Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Increased by Godsey & Gibb Inc.

Godsey & Gibb Inc. raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,880 shares of the industrial products company's stock after purchasing an additional 18,440 shares during the quarter. Godsey & Gibb Inc. owned 0.11% of Stanley Black & Decker worth $13,137,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Procyon Advisors LLC acquired a new stake in Stanley Black & Decker during the 1st quarter valued at approximately $474,000. Vest Financial LLC grew its stake in Stanley Black & Decker by 11.8% during the 1st quarter. Vest Financial LLC now owns 616,832 shares of the industrial products company's stock valued at $47,422,000 after purchasing an additional 65,174 shares in the last quarter. Naples Global Advisors LLC grew its stake in Stanley Black & Decker by 4.3% during the 1st quarter. Naples Global Advisors LLC now owns 11,191 shares of the industrial products company's stock valued at $860,000 after purchasing an additional 463 shares in the last quarter. Czech National Bank grew its stake in Stanley Black & Decker by 5.9% during the 1st quarter. Czech National Bank now owns 35,409 shares of the industrial products company's stock valued at $2,722,000 after purchasing an additional 1,983 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Stanley Black & Decker by 12.2% during the 1st quarter. Rhumbline Advisers now owns 330,014 shares of the industrial products company's stock valued at $25,371,000 after purchasing an additional 35,978 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK stock traded up $1.96 during trading on Tuesday, reaching $69.17. 3,374,250 shares of the company's stock were exchanged, compared to its average volume of 1,964,826. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company's fifty day moving average price is $63.32 and its 200-day moving average price is $76.73. The firm has a market cap of $10.70 billion, a PE ratio of 35.65, a P/E/G ratio of 1.33 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm's quarterly 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 Dividend Announcement

The company also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

Analyst Ratings Changes

Several brokerages have recently commented on SWK. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. 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 target price for the company. UBS Group reduced their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and a consensus price target of $91.10.

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.