River Global Investors LLP Purchases 34,835 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

River Global Investors LLP increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 248.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,854 shares of the industrial products company’s stock after buying an additional 34,835 shares during the quarter. Stanley Black & Decker makes up 0.9% of River Global Investors LLP’s investment portfolio, making the stock its 23rd largest holding. River Global Investors LLP’s holdings in Stanley Black & Decker were worth $4,792,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Clean Energy Transition LLP boosted its holdings in Stanley Black & Decker by 13.8% in the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after purchasing an additional 277,507 shares during the period. Federated Hermes Inc. boosted its holdings in Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after purchasing an additional 22,933 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in Stanley Black & Decker by 1.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares during the period. Northern Trust Corp boosted its holdings in Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after purchasing an additional 66,536 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Stanley Black & Decker by 6.3% in the 3rd quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after purchasing an additional 57,121 shares during the period. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SWK. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $97.00.

Stanley Black & Decker Stock Up 1.0 %

SWK traded up $0.81 during trading on Friday, reaching $85.80. The company had a trading volume of 3,145,797 shares, compared to its average volume of 1,691,942. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.39. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The business’s fifty day moving average price is $91.64 and its 200 day moving average price is $91.23. The company has a market cap of $13.20 billion, a P/E ratio of -124.35, a PEG ratio of 2.29 and a beta of 1.33.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.78%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.