The Manufacturers Life Insurance Company Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

The Manufacturers Life Insurance Company boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,888 shares of the industrial products company's stock after acquiring an additional 23,483 shares during the quarter. The Manufacturers Life Insurance Company owned 0.21% of Stanley Black & Decker worth $25,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SWK. Americana Partners LLC raised its position in 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 buying an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $1,287,000. Franklin Resources Inc. boosted its stake in shares of Stanley Black & Decker by 12.6% in the 3rd 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 during the last quarter. Finally, Cascade Investment Advisors Inc. bought a new position in Stanley Black & Decker in the fourth quarter valued at about $1,076,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SWK. Robert W. Baird boosted their target price 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. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup reduced their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $92.70.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $1.04 during midday trading on Tuesday, reaching $59.05. 2,092,828 shares of the company were exchanged, compared to its average volume of 1,797,599. The stock has a market cap of $9.14 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The business's fifty day moving average is $70.65 and its two-hundred day moving average is $81.43. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. 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 analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the business posted $0.56 earnings per share. The business's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.56%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.