Stanley Black & Decker, Inc. (NYSE:SWK) Stock Holdings Boosted by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 616,832 shares of the industrial products company's stock after buying an additional 65,174 shares during the quarter. Vest Financial LLC owned 0.40% of Stanley Black & Decker worth $47,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Stanley Black & Decker by 0.7% in the fourth 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 purchasing an additional 149 shares in the last quarter. Mather Group LLC. boosted its position in shares of 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 purchasing an additional 151 shares during the period. Global X Japan Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after buying an additional 172 shares during the period. Metis Global Partners LLC boosted its stake in shares of Stanley Black & Decker by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock valued at $410,000 after purchasing an additional 180 shares during the period. Finally, New York Life Investment Management LLC increased its position in shares of Stanley Black & Decker by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock worth $1,664,000 after acquiring an additional 181 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 1.7%

SWK stock traded up $1.09 on Monday, hitting $67.23. 2,122,591 shares of the company were exchanged, compared to its average volume of 1,957,528. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. 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 $63.43 and its two-hundred day moving average is $76.94.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly 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. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.56 EPS. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, 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 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 4.88%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SWK shares. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on shares of 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. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. 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. Finally, 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. One research 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.