Cornerstone Investment Partners LLC Buys 58,090 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cornerstone Investment Partners LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 545,827 shares of the industrial products company's stock after acquiring an additional 58,090 shares during the period. Stanley Black & Decker comprises 3.0% of Cornerstone Investment Partners LLC's investment portfolio, making the stock its 17th biggest position. Cornerstone Investment Partners LLC owned approximately 0.36% of Stanley Black & Decker worth $53,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Cetera Advisor Networks LLC grew its position in shares of Stanley Black & Decker by 4.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company's stock valued at $503,000 after acquiring an additional 138 shares during the period. Panagora Asset Management Inc. grew its stake in Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company's stock valued at $397,000 after buying an additional 96 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Stanley Black & Decker by 22.2% in the 1st quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company's stock valued at $636,000 after buying an additional 807 shares in the last quarter. Sei Investments Co. grew its stake in Stanley Black & Decker by 58.2% in the 1st quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company's stock valued at $7,580,000 after buying an additional 19,966 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Stanley Black & Decker by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company's stock valued at $1,218,000 after buying an additional 629 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE SWK remained flat at $89.32 during mid-day trading on Friday. 1,115,590 shares of the stock were exchanged, compared to its average volume of 1,284,010. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $13.74 billion, a PE ratio of -42.94, a PEG ratio of 2.41 and a beta of 1.34. The stock has a 50 day moving average of $91.46 and a 200 day moving average of $90.63.

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

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker's dividend payout ratio is currently -155.77%.

Wall Street Analyst Weigh In

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

Stanley Black & Decker Company Profile

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.