Redwood Investment Management LLC Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Redwood Investment Management LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,451 shares of the industrial products company’s stock after buying an additional 2,111 shares during the period. Redwood Investment Management LLC’s holdings in Stanley Black & Decker were worth $1,722,000 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 business. Quantinno Capital Management LP boosted its holdings in shares of Stanley Black & Decker by 12.0% during the 4th quarter. Quantinno Capital Management LP now owns 89,872 shares of the industrial products company’s stock worth $7,216,000 after purchasing an additional 9,646 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in Stanley Black & Decker during the fourth quarter worth $183,000. Man Group plc grew its holdings in Stanley Black & Decker by 38.2% in the 4th quarter. Man Group plc now owns 266,208 shares of the industrial products company’s stock valued at $21,374,000 after buying an additional 73,592 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in Stanley Black & Decker by 20.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 6,394 shares of the industrial products company’s stock valued at $513,000 after buying an additional 1,082 shares in the last quarter. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $65,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup reduced their target price 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. Wells Fargo & Company cut their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Robert W. Baird upped their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. UBS Group reduced their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Barclays upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $69.00 to $90.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $70.70 on Friday. The stock’s 50-day moving average is $67.63 and its two-hundred day moving average is $79.69. 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 $10.94 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.64%. Stanley Black & Decker’s payout ratio is currently 136.10%.

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.