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

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

Other hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted its position in shares of Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC purchased a new position in Stanley Black & Decker in the 4th quarter worth about $40,000. SRS Capital Advisors Inc. lifted its holdings in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $44,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Stanley Black & Decker in the 4th quarter worth about $55,000. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on SWK shares. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Robert W. Baird increased their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Wells Fargo & Company cut their price target on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $91.10.

Stanley Black & Decker Price Performance

SWK opened at $66.19 on Friday. The firm has a market capitalization of $10.24 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. 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 business’s 50-day moving average is $63.43 and its two-hundred day moving average is $77.01. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm 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 $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.96%. Stanley Black & Decker’s payout ratio is 136.10%.

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.