Geode Capital Management LLC Purchases 175,801 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Geode Capital Management LLC increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,755,653 shares of the industrial products company’s stock after acquiring an additional 175,801 shares during the quarter. Geode Capital Management LLC owned about 2.44% of Stanley Black & Decker worth $300,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. boosted its stake in 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 buying an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. raised its stake in shares of Stanley Black & Decker by 61.8% in 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. Finally, Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SWK shares. UBS Group dropped their price target 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. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Barclays lowered their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group started 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. Finally, Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. 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. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $62.78 on Friday. The stock has a 50-day simple moving average of $83.50 and a 200 day simple moving average of $89.14. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.33 and a beta of 1.25. 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 12-month low of $57.77 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, 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 company 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. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.23%. Stanley Black & Decker’s payout ratio is currently 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.