Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 173.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,493 shares of the industrial products company's stock after buying an additional 153,147 shares during the period. Victory Capital Management Inc. owned about 0.16% of Stanley Black & Decker worth $18,566,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SWK. Golden State Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after acquiring an additional 296 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth $31,000. TD Private Client Wealth LLC grew its stake in shares of Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth $40,000. Finally, CX Institutional bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth $43,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded up $0.94 during trading hours on Friday, reaching $73.63. 1,065,841 shares of the stock traded hands, compared to its average volume of 2,420,886. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a 50 day moving average price of $68.32 and a 200 day moving average price of $73.55.

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 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm 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 2.40% and a return on equity of 7.85%. The company's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.51%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SWK shares. Wall Street Zen upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group reduced their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Robert W. Baird increased their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $93.40.

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.