Paloma Partners Management Co Grows Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Paloma Partners Management Co raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 9,623.4% during the fourth quarter, HoldingsChannel reports. The fund owned 228,500 shares of the industrial products company’s stock after buying an additional 226,150 shares during the period. Stanley Black & Decker comprises approximately 0.8% of Paloma Partners Management Co’s holdings, making the stock its 26th largest position. Paloma Partners Management Co’s holdings in Stanley Black & Decker were worth $18,346,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SWK. Americana Partners LLC boosted its position in shares of Stanley Black & Decker by 180.5% during the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after buying an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $1,386,000. Avanza Fonder AB purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $1,287,000. Franklin Resources Inc. lifted its position in Stanley Black & Decker by 12.6% during the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock valued at $18,298,000 after purchasing an additional 18,776 shares during the period. Finally, Cascade Investment Advisors Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,076,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SWK shares. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Barclays lowered their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Citigroup lowered their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, UBS Group reduced their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

SWK stock opened at $61.20 on Tuesday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $73.41 and a two-hundred day simple moving average of $83.06. The firm has a market capitalization of $9.46 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.36%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

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.