CANADA LIFE ASSURANCE Co Has $11.87 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

CANADA LIFE ASSURANCE Co grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 147,805 shares of the industrial products company's stock after buying an additional 16,285 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.10% of Stanley Black & Decker worth $11,865,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Americana Partners LLC lifted its position in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after acquiring an additional 72,637 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at $1,386,000. Avanza Fonder AB bought a new position in Stanley Black & Decker in the fourth quarter worth $1,287,000. Franklin Resources Inc. boosted its stake in Stanley Black & Decker by 12.6% during the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after buying an additional 18,776 shares in the last quarter. Finally, Cascade Investment Advisors Inc. bought a new stake in Stanley Black & Decker in the 4th quarter valued at $1,076,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

SWK traded down $0.27 during midday trading on Friday, hitting $61.65. The company had a trading volume of 1,994,812 shares, compared to its average volume of 1,777,983. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. 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 firm's 50-day simple moving average is $73.95 and its 200-day simple moving average is $83.38. The company has a market capitalization of $9.53 billion, a PE ratio of 31.78, a P/E/G ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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%. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared 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 5.32%. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWK. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Citigroup lowered their price objective 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. Barclays cut their target price 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. Jefferies Financial Group began 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. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $102.20.

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.