Versant Capital Management Inc Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Versant Capital Management Inc lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 325.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,106 shares of the industrial products company's stock after buying an additional 3,906 shares during the period. Versant Capital Management Inc's holdings in Stanley Black & Decker were worth $393,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWK. Barclays PLC lifted its position in Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock worth $47,061,000 after buying an additional 100,894 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Stanley Black & Decker by 47.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,557 shares of the industrial products company's stock valued at $125,000 after purchasing an additional 503 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Stanley Black & Decker by 7.5% during the fourth quarter. Blue Trust Inc. now owns 3,512 shares of the industrial products company's stock valued at $282,000 after buying an additional 246 shares during the period. Pacer Advisors Inc. grew its stake in shares of Stanley Black & Decker by 19.4% during the fourth quarter. Pacer Advisors Inc. now owns 13,691 shares of the industrial products company's stock valued at $1,099,000 after buying an additional 2,227 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $54,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 2.4%

NYSE SWK traded down $1.54 during midday trading on Monday, hitting $63.89. 2,428,541 shares of the company traded hands, compared to its average volume of 1,945,960. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company's 50-day simple moving average is $64.63 and its 200-day simple moving average is $77.68. The company has a market cap of $9.88 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

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

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors 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 5.13%. Stanley Black & Decker's payout ratio is 136.10%.

Analyst Upgrades and Downgrades

SWK has been the topic of several research analyst reports. UBS Group cut their price objective 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. JPMorgan Chase & Co. decreased their target price 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. Robert W. Baird lifted their price objective 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. 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 report on Tuesday, May 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. 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 company. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and an average price target of $91.10.

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.