Man Group plc Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Man Group plc grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,208 shares of the industrial products company's stock after acquiring an additional 73,592 shares during the quarter. Man Group plc owned about 0.17% of Stanley Black & Decker worth $21,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SWK. Americana Partners LLC increased its stake in Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after purchasing an additional 72,637 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $1,287,000. Cascade Investment Advisors Inc. bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $1,076,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Stanley Black & Decker by 7.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after acquiring an additional 109,100 shares during the last quarter. Finally, Barclays PLC boosted its stake in Stanley Black & Decker by 30.9% during the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock valued at $47,061,000 after purchasing an additional 100,894 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price 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 report on Thursday, May 1st. Finally, Robert W. Baird upped their price objective 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Stock Performance

SWK traded down $0.60 during midday trading on Thursday, reaching $65.88. The company had a trading volume of 546,901 shares, compared to its average volume of 1,876,164. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The business has a 50-day moving average price of $66.72 and a two-hundred day moving average price of $79.03. The stock has a market cap of $10.19 billion, a PE ratio of 33.94, a P/E/G ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. Stanley Black & Decker's revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is currently 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.