Kiltearn Partners LLP lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 184,500 shares of the industrial products company’s stock after selling 13,400 shares during the period. Stanley Black & Decker comprises 2.7% of Kiltearn Partners LLP’s holdings, making the stock its 14th largest holding. Kiltearn Partners LLP owned about 0.12% of Stanley Black & Decker worth $13,714,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of SWK. Tred Avon Family Wealth LLC bought a new position in shares of Stanley Black & Decker during the third quarter worth about $939,000. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock valued at $237,813,000 after acquiring an additional 17,084 shares during the last quarter. Godsey & Gibb Inc. increased its position in Stanley Black & Decker by 14.6% during the 3rd quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after purchasing an additional 27,140 shares during the period. Baird Financial Group Inc. raised its holdings in Stanley Black & Decker by 773.1% during the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock worth $3,610,000 after purchasing an additional 47,176 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after purchasing an additional 761,191 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Stock Performance
NYSE:SWK opened at $76.09 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $93.37. The company has a fifty day moving average of $83.40 and a 200-day moving average of $76.05. The firm has a market capitalization of $11.80 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.09 and a beta of 1.18.
Stanley Black & Decker Dividend Announcement
The company also recently announced 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 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 (DPR) is currently 125.28%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $84.00 target price on shares of Stanley Black & Decker in a research note on Thursday, February 5th. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. UBS Group decreased their price target on Stanley Black & Decker from $105.00 to $98.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Argus raised Stanley Black & Decker to a “hold” rating in a research note on Tuesday, February 10th. Four investment 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.89.
Read Our Latest Stock Analysis on SWK
About Stanley Black & Decker
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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