Czech National Bank Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Czech National Bank increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,426 shares of the industrial products company’s stock after acquiring an additional 2,063 shares during the period. Czech National Bank’s holdings in Stanley Black & Decker were worth $2,684,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Stanley Black & Decker by 60.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 11,151 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter worth about $1,386,000. State Street Corp boosted its position in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares in the last quarter. FMR LLC grew its holdings in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after acquiring an additional 35,100 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several recent research reports. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays cut their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $101.25.

Stanley Black & Decker Trading Up 0.7 %

NYSE:SWK opened at $83.98 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of -61.30, a PEG ratio of 1.69 and a beta of 1.24. The company’s 50 day moving average price is $84.42 and its 200-day moving average price is $93.19. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.91%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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 Storage segment, and Industrial segment.