Blueshift Asset Management LLC Invests $535,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Blueshift Asset Management LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,667 shares of the industrial products company’s stock, valued at approximately $535,000.

A number of other large investors have also modified their holdings of the business. Royal London Asset Management Ltd. grew its stake in shares of Stanley Black & Decker by 11.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 81,407 shares of the industrial products company’s stock worth $6,536,000 after acquiring an additional 8,291 shares during the last quarter. Xponance Inc. grew its stake in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Xponance Inc. now owns 21,948 shares of the industrial products company’s stock worth $1,762,000 after acquiring an additional 555 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of 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 acquiring an additional 6,665 shares during the last quarter. Cibc World Markets Corp boosted its position in Stanley Black & Decker by 16.4% in the fourth quarter. Cibc World Markets Corp now owns 24,338 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 3,422 shares during the last quarter. Finally, SlateStone Wealth LLC boosted its position in Stanley Black & Decker by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 8,147 shares of the industrial products company’s stock valued at $654,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.0 %

Shares of SWK stock opened at $80.54 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 company has a market cap of $12.45 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 1.33 and a beta of 1.25. The stock has a 50 day simple moving average of $85.44 and a 200-day simple moving average of $91.03. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year 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 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%. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.07%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup dropped 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. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Barclays dropped their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.00.

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.