Vulcan Value Partners LLC Invests $72.06 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Vulcan Value Partners LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 938,140 shares of the industrial products company's stock, valued at approximately $72,063,000. Stanley Black & Decker comprises approximately 1.4% of Vulcan Value Partners LLC's investment portfolio, making the stock its 22nd largest holding. Vulcan Value Partners LLC owned about 0.61% of Stanley Black & Decker at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SWK. LPL Financial LLC boosted its stake in shares of Stanley Black & Decker by 0.5% during the fourth quarter. LPL Financial LLC now owns 96,080 shares of the industrial products company's stock valued at $7,714,000 after acquiring an additional 453 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Stanley Black & Decker by 7.7% in the 4th quarter. Blair William & Co. IL now owns 10,020 shares of the industrial products company's stock worth $804,000 after purchasing an additional 716 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 89,767 shares of the industrial products company's stock valued at $7,207,000 after buying an additional 3,044 shares during the period. Allstate Corp purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $364,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $12,000,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWK. UBS Group lowered their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday. Wells Fargo & Company lifted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wall Street Zen downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays dropped their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Stock Down 1.0%

Shares of SWK stock traded down $0.67 on Friday, reaching $66.98. 2,193,353 shares of the company's stock traded hands, compared to its average volume of 2,234,789. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 1.04. The company has a market capitalization of $10.37 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The business's 50 day moving average price is $68.45 and its two-hundred day moving average price is $73.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

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.