Schroder Investment Management Group raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 51.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,647,173 shares of the industrial products company’s stock after purchasing an additional 894,123 shares during the period. Schroder Investment Management Group’s holdings in Stanley Black & Decker were worth $196,764,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Rathbones Group PLC lifted its stake in shares of Stanley Black & Decker by 6.3% in the third quarter. Rathbones Group PLC now owns 16,109 shares of the industrial products company’s stock worth $1,197,000 after acquiring an additional 955 shares during the period. Parallel Advisors LLC boosted its stake in shares of Stanley Black & Decker by 42.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,867 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 554 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Stanley Black & Decker by 23.6% during the third quarter. Natixis Advisors LLC now owns 12,704 shares of the industrial products company’s stock worth $944,000 after buying an additional 2,428 shares during the period. First Trust Advisors LP lifted its holdings in Stanley Black & Decker by 28.6% in the third quarter. First Trust Advisors LP now owns 532,909 shares of the industrial products company’s stock valued at $39,611,000 after buying an additional 118,397 shares during the period. Finally, Neo Ivy Capital Management grew its holdings in Stanley Black & Decker by 314.0% during the 3rd quarter. Neo Ivy Capital Management now owns 17,488 shares of the industrial products company’s stock worth $1,300,000 after acquiring an additional 13,264 shares during the period. 87.77% of the stock is currently owned by institutional investors.
Stanley Black & Decker Stock Performance
NYSE SWK opened at $75.45 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $83.41 and a 200 day simple moving average of $76.07. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.37. The company has a market cap of $11.70 billion, a P/E ratio of 28.47, a PEG ratio of 1.09 and a beta of 1.18.
Stanley Black & Decker Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker’s dividend payout ratio is 125.28%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on SWK shares. Robert W. Baird lifted their target price on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, December 23rd. Barclays reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Stanley Black & Decker in a research report on Thursday, February 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $84.00 target price on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Morgan Stanley increased their target price on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Finally, Citigroup raised their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.89.
Read Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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