27,063 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,063 shares of the industrial products company’s stock, valued at approximately $2,655,000.

A number of other institutional investors have also made changes to their positions in SWK. Cetera Advisor Networks LLC increased its position in Stanley Black & Decker by 4.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock worth $503,000 after buying an additional 138 shares during the period. Panagora Asset Management Inc. increased its position in Stanley Black & Decker by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after buying an additional 96 shares during the period. Vontobel Holding Ltd. increased its position in Stanley Black & Decker by 22.2% during the 1st quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company’s stock worth $636,000 after buying an additional 807 shares during the period. Sei Investments Co. increased its position in Stanley Black & Decker by 58.2% during the 1st quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company’s stock worth $7,580,000 after buying an additional 19,966 shares during the period. Finally, Allianz Asset Management GmbH increased its position in Stanley Black & Decker by 7.8% during the 1st quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company’s stock worth $1,218,000 after buying an additional 629 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on SWK. 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. Barclays raised their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $89.32 on Friday. The stock’s 50-day simple moving average is $91.46 and its 200 day simple moving average is $90.72. The firm has a market capitalization of $13.74 billion, a PE ratio of -42.94, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share 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 analyst estimates of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’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. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s payout ratio is -155.77%.

About Stanley Black & Decker

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.