Tidal Investments LLC Purchases 4,467 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Tidal Investments LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,115 shares of the industrial products company's stock after buying an additional 4,467 shares during the quarter. Tidal Investments LLC's holdings in Stanley Black & Decker were worth $1,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after acquiring an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Stanley Black & Decker by 1.4% in 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 purchasing an additional 246,800 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after purchasing an additional 3,063,114 shares during the period. Invesco Ltd. increased its holdings in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after purchasing an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after buying an additional 18,778 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Citigroup lowered their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. UBS Group cut their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock 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 report on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their target price 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. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Stock Performance

NYSE SWK traded down $1.18 on Friday, hitting $65.35. 495,956 shares of the stock were exchanged, compared to its average volume of 1,895,071. The company has a market capitalization of $10.11 billion, a PE ratio of 33.82, a P/E/G 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. The business's fifty day moving average is $64.93 and its 200 day moving average is $77.94. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued 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 business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Stanley Black & Decker's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is presently 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.