Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,980 shares of the industrial products company's stock after acquiring an additional 25,413 shares during the period. Toronto Dominion Bank owned about 0.06% of Stanley Black & Decker worth $7,305,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after acquiring an additional 149 shares during the period. Mather Group LLC. increased its stake in Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after buying an additional 151 shares during the period. Global X Japan Co. Ltd. increased its stake in Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock worth $406,000 after buying an additional 172 shares during the period. Metis Global Partners LLC increased its stake in Stanley Black & Decker by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after buying an additional 180 shares during the period. Finally, New York Life Investment Management LLC increased its stake in Stanley Black & Decker by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock worth $1,664,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $1.27 during midday trading on Tuesday, hitting $66.79. The company's stock had a trading volume of 571,273 shares, compared to its average volume of 1,889,372. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The firm's fifty day moving average price is $65.77 and its 200-day moving average price is $78.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm has a market cap of $10.33 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.33 and a beta of 1.19.

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 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.56 EPS. The company's quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. UBS Group dropped their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Finally, Citigroup dropped 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $91.10.

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.