Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Gotham Asset Management LLC
Gotham Asset Management LLC increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 106.9% in Q4, owning 93,061 shares valued at $7.47 million. Other institutional investors also raised their positions. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average price target of $92.70. The stock opened at $72.62, with a market cap of $11.23 billion and a P/E ratio of 37.43. Stanley Black & Decker reported Q1 EPS of $0.75, beating estimates.
Gotham Asset Management LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 106.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,061 shares of the industrial products company's stock after purchasing an additional 48,088 shares during the period. Gotham Asset Management LLC owned 0.06% of Stanley Black & Decker worth $7,472,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWK. Focus Partners Wealth lifted its position in shares of Stanley Black & Decker by 56.6% in the fourth quarter. Focus Partners Wealth now owns 5,876 shares of the industrial products company's stock valued at $472,000 after acquiring an additional 2,123 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in Stanley Black & Decker by 6.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 54,331 shares of the industrial products company's stock valued at $4,362,000 after purchasing an additional 3,269 shares in the last quarter. Ethic Inc. boosted its stake in Stanley Black & Decker by 6.7% during the 4th quarter. Ethic Inc. now owns 32,943 shares of the industrial products company's stock worth $2,645,000 after purchasing an additional 2,061 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Stanley Black & Decker by 66.5% during the fourth quarter. Deutsche Bank AG now owns 922,378 shares of the industrial products company's stock worth $74,058,000 after buying an additional 368,490 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in shares of Stanley Black & Decker by 14.2% in the fourth quarter. Colonial Trust Co SC now owns 1,752 shares of the industrial products company's stock valued at $141,000 after buying an additional 218 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $92.70.
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Stanley Black & Decker Price Performance
Shares of SWK opened at $72.62 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a market cap of $11.23 billion, a P/E ratio of 37.43, a PEG ratio of 1.33 and a beta of 1.19. The firm's 50 day moving average price is $68.53 and its 200 day moving average price is $80.01.
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Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm earned $0.56 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.
Stanley Black & Decker Announces Dividend
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 given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 136.10%.
About Stanley Black & Decker
(Free Report)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.
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