River Global Investors LLP Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

River Global Investors LLP lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 248.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,854 shares of the industrial products company’s stock after acquiring an additional 34,835 shares during the quarter. Stanley Black & Decker accounts for about 0.9% of River Global Investors LLP’s portfolio, making the stock its 23rd largest position. River Global Investors LLP’s holdings in Stanley Black & Decker were worth $4,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 9,029.0% during the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after purchasing an additional 416,689 shares during the last quarter. Clean Energy Transition LLP lifted its position in Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after purchasing an additional 277,507 shares during the period. Kensico Capital Management Corp lifted its position in Stanley Black & Decker by 49.6% in the third quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock valued at $55,012,000 after purchasing an additional 218,200 shares during the period. Barclays PLC lifted its position in shares of Stanley Black & Decker by 62.7% during the 3rd quarter. Barclays PLC now owns 377,665 shares of the industrial products company’s stock valued at $31,567,000 after acquiring an additional 145,517 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Stanley Black & Decker by 79.3% during the 3rd quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company’s stock valued at $26,337,000 after acquiring an additional 139,371 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.0 %

Shares of NYSE:SWK traded up $0.81 during midday trading on Friday, hitting $85.80. 3,145,797 shares of the company’s stock traded hands, compared to its average volume of 1,691,942. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.39 and a current ratio of 1.09. The company has a market cap of $13.20 billion, a PE ratio of -124.35, a P/E/G ratio of 2.29 and a beta of 1.33. The firm’s fifty day moving average price is $91.64 and its two-hundred day moving average price is $91.23. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business posted ($0.41) EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.00.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.