Ameriprise Financial Inc. Acquires 679,359 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Ameriprise Financial Inc. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,215,765 shares of the industrial products company's stock after purchasing an additional 679,359 shares during the quarter. Ameriprise Financial Inc. owned about 1.44% of Stanley Black & Decker worth $177,905,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $36,000. Cape Investment Advisory Inc. increased its holdings in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at $40,000. SRS Capital Advisors Inc. raised its stake in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after buying an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $44,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 13.6%

NYSE SWK traded up $8.53 on Monday, hitting $71.20. 2,906,985 shares of the company were exchanged, compared to its average volume of 2,431,295. The company has a market cap of $11.02 billion, a PE ratio of 36.70, a PEG ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The stock has a fifty day moving average of $68.75 and a 200-day moving average of $80.21. 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 issued 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. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business's revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company 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 dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.61%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

Analyst Ratings Changes

A number of analysts recently commented on SWK shares. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective for the company. Barclays cut their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $92.70.

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.