Tower Research Capital LLC TRC Increases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Tower Research Capital LLC TRC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 93.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,009 shares of the industrial products company's stock after buying an additional 6,281 shares during the period. Tower Research Capital LLC TRC's holdings in Stanley Black & Decker were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker in the 4th quarter worth approximately $36,000. 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 buying an additional 237 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. raised its holdings in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $44,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK stock traded down $1.91 on Wednesday, reaching $59.36. The company had a trading volume of 1,205,918 shares, compared to its average volume of 1,787,506. The stock has a market capitalization of $9.17 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. 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 business's 50-day moving average is $72.84 and its 200 day moving average is $82.90. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results 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 net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for 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 company's quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast 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. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.53%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of research reports. UBS Group reduced their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays dropped their target price on shares of 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 report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup reduced their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $102.20.

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.