Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 106.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,061 shares of the industrial products company's stock after purchasing an additional 48,088 shares during the quarter. Gotham Asset Management LLC owned about 0.06% of Stanley Black & Decker worth $7,472,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Focus Partners Wealth raised its stake in shares of Stanley Black & Decker by 56.6% during the fourth quarter. Focus Partners Wealth now owns 5,876 shares of the industrial products company's stock worth $472,000 after purchasing an additional 2,123 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Stanley Black & Decker by 6.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 54,331 shares of the industrial products company's stock worth $4,362,000 after acquiring an additional 3,269 shares in the last quarter. Ethic Inc. raised its position in Stanley Black & Decker by 6.7% in the fourth quarter. Ethic Inc. now owns 32,943 shares of the industrial products company's stock worth $2,645,000 after acquiring an additional 2,061 shares in the last quarter. Deutsche Bank AG raised its position in Stanley Black & Decker by 66.5% in the fourth quarter. Deutsche Bank AG now owns 922,378 shares of the industrial products company's stock worth $74,058,000 after acquiring an additional 368,490 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in Stanley Black & Decker by 14.2% in the fourth quarter. Colonial Trust Co SC now owns 1,752 shares of the industrial products company's stock worth $141,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK traded up $0.72 during trading hours on Friday, reaching $71.42. 2,275,722 shares of the company traded hands, compared to its average volume of 1,865,346. 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 market capitalization of $11.05 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The stock has a fifty day simple moving average of $67.40 and a 200 day simple moving average of $79.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.74 billion for the quarter, compared to analyst estimates 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 for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SWK shares. Robert W. Baird increased their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. UBS Group cut their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $91.10.

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.