Desjardins Global Asset Management Inc. Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Desjardins Global Asset Management Inc. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,582 shares of the industrial products company’s stock after acquiring an additional 696 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Stanley Black & Decker were worth $2,215,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. purchased a new stake in Stanley Black & Decker in the first quarter worth about $36,000. Venturi Wealth Management LLC bought a new position in Stanley Black & Decker in the third quarter worth about $33,000. ICA Group Wealth Management LLC bought a new position in Stanley Black & Decker in the fourth quarter worth about $37,000. 1832 Asset Management L.P. bought a new position in Stanley Black & Decker in the first quarter worth about $69,000. Finally, Castleview Partners LLC raised its holdings in Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 388 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Barclays increased their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average target price of $99.44.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $90.18 on Wednesday. The stock’s fifty day moving average is $91.46 and its two-hundred day moving average is $90.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the firm posted ($0.10) EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Stanley Black & Decker Company 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.