Victory Capital Management Inc. Has $18.92 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Victory Capital Management Inc. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,878 shares of the industrial products company's stock after acquiring an additional 10,460 shares during the period. Victory Capital Management Inc. owned 0.13% of Stanley Black & Decker worth $18,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SWK. Raymond James Financial Services Advisors Inc. raised its stake in shares of Stanley Black & Decker by 13.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company's stock worth $6,745,000 after buying an additional 9,715 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stanley Black & Decker by 1.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,020 shares of the industrial products company's stock valued at $4,515,000 after purchasing an additional 949 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Stanley Black & Decker by 5.8% in the third quarter. Mackenzie Financial Corp now owns 12,933 shares of the industrial products company's stock valued at $1,014,000 after purchasing an additional 708 shares during the period. Strs Ohio boosted its holdings in Stanley Black & Decker by 31.5% during the third quarter. Strs Ohio now owns 20,835 shares of the industrial products company's stock worth $1,741,000 after buying an additional 4,996 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in Stanley Black & Decker by 9.8% during the third quarter. IFM Investors Pty Ltd now owns 32,187 shares of the industrial products company's stock worth $2,690,000 after buying an additional 2,872 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insiders Place Their Bets

In related news, SVP Janet Link sold 3,442 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on 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 dropped their price target on Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating on the stock in a research report on Friday, May 3rd. Finally, Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 18th. Two equities research 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. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and a consensus price target of $97.00.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded up $1.68 during mid-day trading on Friday, hitting $89.84. 1,329,630 shares of the company's stock were exchanged, compared to its average volume of 1,920,162. The stock has a 50-day simple moving average of $91.49 and a two-hundred day simple moving average of $91.46. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. Stanley Black & Decker's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.41) earnings per share. As a group, analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.61%. Stanley Black & Decker's dividend payout ratio (DPR) is -469.56%.

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.