Rhumbline Advisers Purchases 35,978 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

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

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cape Investment Advisory Inc. increased its holdings in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. grew its stake in shares of Stanley Black & Decker by 61.8% in 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. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $44,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $55,000. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Robert W. Baird lifted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Finally, UBS Group cut their target price on shares of 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Trading Down 0.2%

Shares of NYSE:SWK opened at $65.48 on Friday. The company has a market cap of $10.13 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock has a 50 day moving average of $63.62 and a 200 day moving average of $77.21. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

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

Stanley Black & Decker Announces Dividend

The firm 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 5.01%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

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.

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