Cornercap Investment Counsel Inc. Invests $1.97 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Cornercap Investment Counsel Inc. purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,122 shares of the industrial products company's stock, valued at approximately $1,974,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Stanley Black & Decker by 113,894.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company's stock valued at $360,943,000 after buying an additional 4,800,671 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Stanley Black & Decker by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company's stock valued at $2,603,393,000 after buying an additional 2,774,661 shares in the last quarter. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $78,260,000. State Street Corp raised its position in shares of Stanley Black & Decker by 8.0% during the 1st quarter. State Street Corp now owns 11,785,161 shares of the industrial products company's stock valued at $949,648,000 after buying an additional 874,617 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Stanley Black & Decker by 40.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,552,962 shares of the industrial products company's stock valued at $125,138,000 after buying an additional 448,600 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SWK. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, February 6th. Barclays increased their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $99.44.

Stanley Black & Decker Stock Down 2.0 %

NYSE SWK traded down $1.84 during trading hours on Friday, reaching $91.48. 906,081 shares of the company's stock traded hands, compared to its average volume of 1,248,270. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The firm has a market cap of $14.07 billion, a PE ratio of -43.98, a PEG ratio of 2.47 and a beta of 1.34. The firm has a 50-day simple moving average of $91.39 and a 200 day simple moving average of $90.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.54%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.