Man Group plc Acquires 73,592 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Man Group plc grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 38.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 266,208 shares of the industrial products company's stock after acquiring an additional 73,592 shares during the period. Man Group plc owned about 0.17% of Stanley Black & Decker worth $21,374,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. OMERS ADMINISTRATION Corp lifted its holdings in Stanley Black & Decker by 20.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,394 shares of the industrial products company's stock worth $513,000 after buying an additional 1,082 shares during the period. Minot DeBlois Advisors LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Stanley Black & Decker by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,089 shares of the industrial products company's stock worth $1,211,000 after acquiring an additional 657 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $2,810,000. Finally, Interval Partners LP acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $18,118,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price on the stock. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Robert W. Baird lifted their price objective on 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, UBS Group cut their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One 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'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 5.7%

Stanley Black & Decker stock traded down $4.05 during midday trading on Wednesday, reaching $66.49. The stock had a trading volume of 2,437,653 shares, compared to its average volume of 1,877,113. The company has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $79.12. The company has a market capitalization of $10.29 billion, a P/E ratio of 34.27, a PEG ratio of 1.33 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month 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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. Stanley Black & Decker's revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.93%. Stanley Black & Decker's payout ratio is 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.