Gotham Asset Management LLC Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Gotham Asset Management LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 106.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,061 shares of the industrial products company's stock after buying an additional 48,088 shares during the period. Gotham Asset Management LLC owned approximately 0.06% of Stanley Black & Decker worth $7,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Cape Investment Advisory Inc. boosted its stake in Stanley Black & Decker by 107.2% during the 4th 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 during the last quarter. Millstone Evans Group LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $40,000. SRS Capital Advisors Inc. boosted its stake in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $44,000. Finally, Crews Bank & Trust purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $49,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird raised their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Price Performance

NYSE:SWK traded up $0.72 on Friday, reaching $71.42. 2,275,722 shares of the company's stock traded hands, compared to its average volume of 1,860,453. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a 50-day simple moving average of $67.63 and a 200-day simple moving average of $79.69. The firm has a market cap of $11.05 billion, a PE ratio of 36.81, a P/E/G 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.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. Equities research analysts forecast 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. Investors of record on Tuesday, June 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.59%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Stanley Black & Decker Company 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.