Massachusetts Financial Services Co. MA Grows Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Massachusetts Financial Services Co. MA increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,119,211 shares of the industrial products company's stock after purchasing an additional 20,742 shares during the period. Massachusetts Financial Services Co. MA owned 2.02% of Stanley Black & Decker worth $239,805,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its holdings in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after acquiring an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after acquiring an additional 174 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after acquiring an additional 195 shares in the last quarter. Coastline Trust Co raised its holdings in shares of Stanley Black & Decker by 5.0% during the 4th quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company's stock worth $336,000 after acquiring an additional 200 shares in the last quarter. Finally, Regents Gate Capital LLP raised its holdings in shares of Stanley Black & Decker by 0.4% during the 1st quarter. Regents Gate Capital LLP now owns 55,272 shares of the industrial products company's stock worth $4,249,000 after acquiring an additional 215 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 1.0%

Stanley Black & Decker stock traded down $0.73 during mid-day trading on Friday, hitting $70.09. The company's stock had a trading volume of 376,054 shares, compared to its average volume of 2,023,865. The company has a 50 day moving average of $68.16 and a 200-day moving average of $73.85. The stock has a market cap of $10.84 billion, a PE ratio of 29.05, a P/E/G ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The business's revenue was down 3.2% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

Analyst Ratings Changes

SWK has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research 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 report on Tuesday, May 13th. Robert W. Baird boosted their target price 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, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $92.10.

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.