Bank of New York Mellon Corp Buys 122,639 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of New York Mellon Corp raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,283,510 shares of the industrial products company’s stock after acquiring an additional 122,639 shares during the quarter. Bank of New York Mellon Corp’s holdings in Stanley Black & Decker were worth $103,053,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strategic Blueprint LLC bought a new stake in Stanley Black & Decker in the 3rd quarter valued at $251,000. First Trust Direct Indexing L.P. bought a new stake in Stanley Black & Decker in the 3rd quarter valued at about $367,000. Stephens Inc. AR grew its position in shares of Stanley Black & Decker by 54.8% during the 3rd quarter. Stephens Inc. AR now owns 8,556 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 3,029 shares in the last quarter. Allen Wealth Management LLC increased its holdings in shares of Stanley Black & Decker by 5.2% during the third quarter. Allen Wealth Management LLC now owns 17,179 shares of the industrial products company’s stock worth $1,892,000 after purchasing an additional 846 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Stanley Black & Decker by 5.1% in the third quarter. Janney Montgomery Scott LLC now owns 218,982 shares of the industrial products company’s stock valued at $24,117,000 after buying an additional 10,621 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped 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. Citigroup reduced 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 note on Thursday, February 6th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Finally, 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 target on the stock. 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $86.47 on Friday. The firm has a 50 day simple moving average of $84.90 and a 200 day simple moving average of $92.54. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 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.