Xponance Inc. Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Xponance Inc. boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,948 shares of the industrial products company’s stock after acquiring an additional 555 shares during the period. Xponance Inc.’s holdings in Stanley Black & Decker were worth $1,762,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its holdings in Stanley Black & Decker by 79.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,089 shares of the industrial products company’s stock worth $1,234,000 after buying an additional 6,665 shares during the period. Cibc World Markets Corp lifted its holdings in Stanley Black & Decker by 16.4% during the fourth quarter. Cibc World Markets Corp now owns 24,338 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 3,422 shares during the period. SlateStone Wealth LLC lifted its holdings in shares of Stanley Black & Decker by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 8,147 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 250 shares during the last quarter. Glenview Trust co lifted its holdings in shares of Stanley Black & Decker by 2.0% during the 4th quarter. Glenview Trust co now owns 29,863 shares of the industrial products company’s stock valued at $2,398,000 after purchasing an additional 575 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Stanley Black & Decker by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 229,199 shares of the industrial products company’s stock valued at $18,402,000 after purchasing an additional 13,093 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays decreased their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Citigroup cut their target price 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Price Performance

NYSE SWK opened at $79.40 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock’s fifty day moving average price is $85.43 and its 200 day moving average price is $90.80. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

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.