Price T Rowe Associates Inc. MD Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Price T Rowe Associates Inc. MD boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,413,913 shares of the industrial products company's stock after buying an additional 246,800 shares during the period. Price T Rowe Associates Inc. MD owned 11.94% of Stanley Black & Decker worth $1,478,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock worth $1,758,000 after acquiring an additional 149 shares during the last quarter. Mather Group LLC. increased its position in shares of Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after purchasing an additional 151 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after buying an additional 172 shares during the period. Metis Global Partners LLC boosted its stake in Stanley Black & Decker by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after buying an additional 180 shares during the period. Finally, New York Life Investment Management LLC increased its position in shares of Stanley Black & Decker by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock valued at $1,664,000 after acquiring an additional 181 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the subject of several research reports. Barclays dropped their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Stock Down 0.5 %

SWK stock traded down $0.29 during mid-day trading on Tuesday, reaching $60.99. The company had a trading volume of 976,693 shares, compared to its average volume of 1,778,002. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The firm has a fifty day simple moving average of $73.41 and a 200 day simple moving average of $83.06. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.38%. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.