Bessemer Group Inc. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 70.2% during the third quarter, Holdings Channel reports. The fund owned 1,961 shares of the industrial products company’s stock after purchasing an additional 809 shares during the quarter. Bessemer Group Inc.’s holdings in Stanley Black & Decker were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Stanley Black & Decker by 17.5% in the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after buying an additional 2,774,661 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,039,425 shares of the industrial products company’s stock valued at $604,645,000 after buying an additional 59,090 shares in the last quarter. State Street Corp grew its position in Stanley Black & Decker by 3.6% in the 2nd quarter. State Street Corp now owns 7,836,207 shares of the industrial products company’s stock valued at $821,705,000 after buying an additional 269,754 shares in the last quarter. FMR LLC grew its position in Stanley Black & Decker by 6.6% in the 2nd quarter. FMR LLC now owns 2,696,439 shares of the industrial products company’s stock valued at $282,749,000 after buying an additional 166,731 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Stanley Black & Decker by 741.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,031,238 shares of the industrial products company’s stock valued at $212,996,000 after buying an additional 1,789,905 shares in the last quarter. Institutional investors own 88.01% of the company’s stock.
Stanley Black & Decker Trading Down 1.1 %
Shares of Stanley Black & Decker stock opened at $89.18 on Friday. The company’s fifty day simple moving average is $83.40 and its 200-day simple moving average is $83.62. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 11.52 and a beta of 1.30. The company has a current ratio of 1.22, a quick ratio of 0.32 and a debt-to-equity ratio of 0.55. Stanley Black & Decker, Inc. has a 1 year low of $70.24 and a 1 year high of $168.30.
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Stanley Black & Decker Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, March 6th. This represents a $3.20 dividend on an annualized basis and a yield of 3.59%. Stanley Black & Decker’s dividend payout ratio is currently 47.13%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Stanley Black & Decker from $94.00 to $83.00 and set a “neutral” rating for the company in a research report on Friday, October 28th. Barclays raised their price objective on shares of Stanley Black & Decker from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Sunday, February 5th. Credit Suisse Group raised their price objective on shares of Stanley Black & Decker from $79.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Citigroup upgraded shares of Stanley Black & Decker from a “sell” rating to a “neutral” rating and raised their price objective for the company from $69.00 to $106.00 in a research report on Friday, February 3rd. They noted that the move was a valuation call. Finally, Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $93.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $102.50.
Stanley Black & Decker Company Profile
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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 Storage segment, and Industrial segment.
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