Loudon Investment Management LLC Raises Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Loudon Investment Management LLC boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,780 shares of the industrial products company’s stock after purchasing an additional 455 shares during the quarter. Stanley Black & Decker makes up 2.2% of Loudon Investment Management LLC’s portfolio, making the stock its 18th largest position. Loudon Investment Management LLC’s holdings in Stanley Black & Decker were worth $3,836,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Americana Partners LLC increased its stake in Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after buying an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $1,386,000. Avanza Fonder AB bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $1,287,000. State Street Corp boosted its holdings in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 2.0 %

Shares of NYSE SWK opened at $80.54 on Friday. 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 company has a market cap of $12.45 billion, a P/E ratio of 41.51, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The firm has a 50-day simple moving average of $85.44 and a two-hundred day simple moving average of $91.03.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SWK. 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 report on Wednesday, January 8th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. UBS Group lowered their price target 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. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.00.

About Stanley Black & Decker

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.