Wellington Management Group LLP Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Wellington Management Group LLP increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 14.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,673 shares of the industrial products company’s stock after buying an additional 1,188 shares during the period. Wellington Management Group LLP’s holdings in Stanley Black & Decker were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Vanguard Group Inc. boosted its position in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after buying an additional 109,100 shares during the period. Norges Bank purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth $117,231,000. Bank of New York Mellon Corp boosted its position in Stanley Black & Decker by 10.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company’s stock worth $103,053,000 after purchasing an additional 122,639 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Stanley Black & Decker by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,071,098 shares of the industrial products company’s stock valued at $85,998,000 after purchasing an additional 40,888 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent research reports. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. Wells Fargo & Company cut their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays decreased their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Trading Up 1.8 %

Shares of SWK opened at $60.07 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a market cap of $9.28 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.33 and a beta of 1.14. The company’s fifty day simple moving average is $78.98 and its 200-day simple moving average is $86.47.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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, analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

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.