Deutsche Bank AG Purchases 368,490 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Deutsche Bank AG grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 922,378 shares of the industrial products company's stock after purchasing an additional 368,490 shares during the quarter. Deutsche Bank AG owned 0.60% of Stanley Black & Decker worth $74,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake 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 worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. raised its position in shares of 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 acquiring an additional 199 shares in the last quarter. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker in the fourth quarter worth $44,000. Finally, Crews Bank & Trust bought a new stake in Stanley Black & Decker during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SWK shares. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective 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. UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday. Robert W. Baird boosted their target price 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. Finally, Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $69.00 to $90.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Price Performance

Shares of SWK traded up $0.72 during trading hours on Friday, hitting $71.42. The stock had a trading volume of 2,275,722 shares, compared to its average volume of 1,860,453. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 1.33 and a beta of 1.19. The company's fifty day moving average is $67.63 and its two-hundred day moving average is $79.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

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 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

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

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.