Cornerstone Investment Partners LLC Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Cornerstone Investment Partners LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,827 shares of the industrial products company’s stock after buying an additional 58,090 shares during the quarter. Stanley Black & Decker comprises approximately 3.0% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 17th biggest holding. Cornerstone Investment Partners LLC owned 0.36% of Stanley Black & Decker worth $53,546,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 17.5% in the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after purchasing an additional 2,774,661 shares during the period. State Street Corp increased its holdings in Stanley Black & Decker by 8.0% in the 1st quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock worth $949,648,000 after buying an additional 874,617 shares during the period. Moneta Group Investment Advisors LLC raised its position in Stanley Black & Decker by 113,894.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock worth $360,943,000 after buying an additional 4,800,671 shares during the last quarter. Morgan Stanley lifted its stake in Stanley Black & Decker by 7.6% during the 4th quarter. Morgan Stanley now owns 3,385,536 shares of the industrial products company’s stock valued at $254,322,000 after acquiring an additional 239,650 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Stanley Black & Decker by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 3,043,392 shares of the industrial products company’s stock valued at $244,670,000 after acquiring an additional 69,266 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.27 during midday trading on Friday, reaching $89.05. 283,601 shares of the company’s stock traded hands, compared to its average volume of 1,272,510. The company has a fifty day simple moving average of $91.45 and a two-hundred day simple moving average of $90.57. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The company has a market cap of $13.70 billion, a P/E ratio of -42.92, a PEG ratio of 2.41 and a beta of 1.34. 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 (NYSE:SWK) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.10) earnings per share. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a $0.81 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.64%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased 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. Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Wells Fargo & Company decreased their price target on 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $98.11.

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.