Centiva Capital LP Acquires Shares of 4,553 Stanley Black & Decker, Inc. (NYSE:SWK)

Centiva Capital LP bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,553 shares of the industrial products company’s stock, valued at approximately $366,000.

A number of other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Stanley Black & Decker by 0.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after buying an additional 149 shares during the last quarter. Mather Group LLC. raised its position in Stanley Black & Decker by 11.1% in the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 151 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 172 shares during the period. Metis Global Partners LLC grew its position in Stanley Black & Decker by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC raised its holdings in shares of Stanley Black & Decker by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock valued at $1,664,000 after buying an additional 181 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SWK. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $92.70.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $62.71 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a market cap of $9.70 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The business has a fifty day moving average of $68.75 and a two-hundred day moving average of $80.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s dividend 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.