Mutual Advisors LLC Buys 6,674 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mutual Advisors LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 67.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,608 shares of the industrial products company's stock after buying an additional 6,674 shares during the quarter. Mutual Advisors LLC's holdings in Stanley Black & Decker were worth $1,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Capital Research Global Investors lifted its position in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after buying an additional 3,063,114 shares in the last quarter. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter worth about $117,231,000. Invesco Ltd. lifted its position in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after buying an additional 763,219 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 raised its holdings in shares of Stanley Black & Decker by 7,765.7% in the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after purchasing an additional 575,129 shares during the period. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SWK has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. UBS Group dropped their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.10.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $71.17 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. The company's 50 day simple moving average is $66.17 and its 200 day simple moving average is $74.39.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued 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. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business posted $0.56 earnings per share. The company's quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.61%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.

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