Flputnam Investment Management Co. Acquires New Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Flputnam Investment Management Co. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,817 shares of the industrial products company’s stock, valued at approximately $276,000.

Other institutional investors also recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after buying an additional 96 shares in the last quarter. Kinneret Advisory LLC raised its position in shares of Stanley Black & Decker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Stanley Black & Decker by 15.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 102 shares in the last quarter. Cetera Investment Advisers grew its position in Stanley Black & Decker by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 112 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in Stanley Black & Decker by 0.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWK. 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. Wells Fargo & Company cut their target price 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. Barclays increased their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Stock Performance

SWK opened at $89.32 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The firm has a 50-day moving average of $91.45 and a 200 day moving average of $90.57. 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 issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the business posted ($0.10) EPS. Stanley Black & Decker’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast 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. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.63%. Stanley Black & Decker’s payout ratio is -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.