Empowered Funds LLC Purchases 621 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Empowered Funds LLC grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,292 shares of the industrial products company’s stock after buying an additional 621 shares during the period. Empowered Funds LLC’s holdings in Stanley Black & Decker were worth $345,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 245.5% in the fourth quarter. Apollon Wealth Management LLC now owns 7,559 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 5,371 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Stanley Black & Decker in the fourth quarter worth $1,068,000. Global X Japan Co. Ltd. lifted its stake in shares of Stanley Black & Decker by 3.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after buying an additional 172 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of 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 worth $1,758,000 after purchasing an additional 149 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Stanley Black & Decker by 0.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,488 shares of the industrial products company’s stock valued at $31,111,000 after acquiring an additional 1,511 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. UBS Group decreased their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $89.96 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 46.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The business has a 50-day moving average of $84.08 and a 200 day moving average of $92.91.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.65%. Stanley Black & Decker’s dividend payout ratio (DPR) is 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 Storage segment, and Industrial segment.