Geode Capital Management LLC Has $300.76 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Geode Capital Management LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,755,653 shares of the industrial products company’s stock after purchasing an additional 175,801 shares during the period. Geode Capital Management LLC’s holdings in Stanley Black & Decker were worth $300,756,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its position in shares of Stanley Black & Decker by 13.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,682 shares of the industrial products company’s stock worth $736,000 after buying an additional 800 shares during the period. Paloma Partners Management Co acquired a new position in Stanley Black & Decker during the third quarter valued at approximately $259,000. Hilltop Holdings Inc. bought a new stake in Stanley Black & Decker in the third quarter valued at approximately $388,000. Investment Management Corp of Ontario raised its holdings in Stanley Black & Decker by 53.4% in the third quarter. Investment Management Corp of Ontario now owns 5,171 shares of the industrial products company’s stock worth $569,000 after purchasing an additional 1,800 shares during the period. Finally, IHT Wealth Management LLC bought a new position in shares of Stanley Black & Decker during the third quarter worth $309,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group started coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Down 2.9 %

Stanley Black & Decker stock opened at $62.78 on Friday. The company has a fifty day simple moving average of $83.50 and a 200 day simple moving average of $89.14. 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 1-year low of $57.77 and a 1-year high of $110.88. The company has a market cap of $9.70 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 169.07%.

About Stanley Black & Decker

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.