Northern Trust Corp Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Northern Trust Corp increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,438,911 shares of the industrial products company's stock after purchasing an additional 110,980 shares during the period. Northern Trust Corp owned 0.93% of Stanley Black & Decker worth $115,530,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after purchasing an additional 246,800 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after purchasing an additional 3,063,114 shares in the last quarter. Invesco Ltd. grew its stake in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after buying an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock valued at $312,732,000 after buying an additional 18,778 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK stock traded up $0.86 during midday trading on Friday, hitting $62.71. 1,307,019 shares of the stock traded hands, compared to its average volume of 1,809,482. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. 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 stock's fifty day simple moving average is $69.12 and its 200-day simple moving average is $80.82. The firm has a market cap of $9.70 billion, a P/E ratio of 32.32, a PEG ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm's revenue was down 3.2% compared to the same quarter last year. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid 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 5.23%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SWK. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup dropped their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $92.70.

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.