Free Trial

Royal London Asset Management Ltd. Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker logo with Industrial Products background

Royal London Asset Management Ltd. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,113 shares of the industrial products company's stock after acquiring an additional 13,549 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Stanley Black & Decker were worth $6,878,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $36,000. Clarity Asset Management Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $52,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Stanley Black & Decker by 1.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company's stock worth $1,683,389,000 after purchasing an additional 279,866 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $1,123,000. Finally, Redwood Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 2.3% during the fourth quarter. Redwood Investment Management LLC now owns 22,176 shares of the industrial products company's stock worth $2,175,000 after purchasing an additional 501 shares during the period. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares of the company's stock, valued at $2,852,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by insiders.


Stanley Black & Decker Trading Down 2.7 %

Shares of NYSE:SWK traded down $2.34 during mid-day trading on Friday, reaching $83.55. 855,873 shares of the company's stock were exchanged, compared to its average volume of 1,245,977. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of -121.09, a PEG ratio of 2.33 and a beta of 1.29. The business's fifty day moving average price is $88.21 and its 200-day moving average price is $91.54. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a twelve month low of $76.26 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business earned ($0.41) earnings per share. Stanley Black & Decker's revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio is presently -469.57%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SWK shares. Wells Fargo & Company reduced their price target 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. Barclays lowered shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. 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 on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $95.44.

Check Out Our Latest Stock Analysis on SWK

Stanley Black & Decker Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Should you invest $1,000 in Stanley Black & Decker right now?

Before you consider Stanley Black & Decker, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stanley Black & Decker wasn't on the list.

While Stanley Black & Decker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

CPI News Breakdown: Key Market Moves to Follow

CPI News Breakdown: Key Market Moves to Follow

Join us as we break down the latest CPI news, its effect on your favorite stocks, and the broader market. We also discuss how these economic indicators might lead to a potential interest rate cut by t

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines