Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 504.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,238 shares of the industrial products company's stock after purchasing an additional 140,385 shares during the period. Worldquant Millennium Advisors LLC owned 0.11% of Stanley Black & Decker worth $13,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after purchasing an additional 495,103 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after buying an additional 246,800 shares during the last quarter. Capital Research Global Investors lifted its holdings 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 during the last quarter. Invesco Ltd. raised its position in shares of 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 acquiring an additional 763,219 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Stanley Black & Decker by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after acquiring an additional 18,778 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SWK shares. JPMorgan Chase & Co. dropped 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 research note on Monday, May 5th. UBS Group lowered 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 report on Tuesday, May 13th. Robert W. Baird boosted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays raised shares of 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 report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their target price on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $66.49 on Thursday. The stock has a market capitalization of $10.29 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The stock's 50-day moving average price is $66.72 and its 200 day moving average price is $79.03. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm earned $0.56 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company 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 4.93%. Stanley Black & Decker's payout ratio is currently 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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