Federated Hermes Inc. Boosts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Federated Hermes Inc. lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,647,932 shares of the industrial products company's stock after purchasing an additional 22,933 shares during the quarter. Federated Hermes Inc. owned 1.07% of Stanley Black & Decker worth $161,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Stanley Black & Decker by 17.5% during the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company's stock valued at $2,603,393,000 after acquiring an additional 2,774,661 shares during the last quarter. State Street Corp increased its position in Stanley Black & Decker by 8.0% during the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company's stock valued at $949,648,000 after acquiring an additional 874,617 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Stanley Black & Decker by 113,894.9% during the fourth 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 acquiring an additional 4,800,671 shares during the last quarter. Morgan Stanley increased its position in Stanley Black & Decker by 7.6% during the fourth quarter. Morgan Stanley now owns 3,385,536 shares of the industrial products company's stock valued at $254,322,000 after acquiring an additional 239,650 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Stanley Black & Decker by 2.3% during the first quarter. Geode Capital Management LLC now owns 3,043,392 shares of the industrial products company's stock valued at $244,670,000 after acquiring an additional 69,266 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a research report on Tuesday, February 6th. Barclays upped their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Robert W. Baird reduced their price target on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their price target on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $0.01 during mid-day trading on Thursday, reaching $89.32. The company's stock had a trading volume of 983,910 shares, compared to its average volume of 1,286,170. The firm has a market capitalization of $13.74 billion, a PE ratio of -42.94, a P/E/G ratio of 2.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The stock has a fifty day moving average of $91.45 and a two-hundred day moving average of $90.57. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The business's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker's payout ratio 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.