Stanley Black & Decker, Inc. (NYSE:SWK) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers grew its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,014 shares of the industrial products company's stock after acquiring an additional 35,978 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Stanley Black & Decker worth $25,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cape Investment Advisory Inc. increased its stake in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. raised its stake in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after acquiring an additional 199 shares during the period. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $55,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded up $1.09 on Monday, reaching $67.23. 2,122,591 shares of the company traded hands, compared to its average volume of 1,957,528. The stock has a market capitalization of $10.40 billion, a PE ratio of 34.66, a P/E/G ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company's 50 day moving average is $63.43 and its 200-day moving average is $76.94. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company earned $0.56 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.88%. Stanley Black & Decker's payout ratio is presently 136.10%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SWK. JPMorgan Chase & Co. cut their price target 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. UBS Group cut their target price 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. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.