Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Raised by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1,267.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,516 shares of the industrial products company's stock after buying an additional 51,456 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Stanley Black & Decker were worth $4,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after acquiring an additional 495,103 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after acquiring an additional 246,800 shares in the last quarter. Capital Research Global Investors grew its position in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the last quarter. Invesco Ltd. grew its holdings in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after acquiring an additional 18,778 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SWK. Barclays reduced their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday. Finally, Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $92.70.

Stanley Black & Decker Price Performance

SWK traded down $1.04 on Tuesday, reaching $59.05. The company had a trading volume of 2,092,828 shares, compared to its average volume of 1,797,600. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a market capitalization of $9.14 billion, a P/E ratio of 30.44, a PEG ratio of 1.33 and a beta of 1.19. The company has a fifty day moving average of $70.65 and a 200-day moving average of $81.43. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Stanley Black & Decker Profile

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.