Charles Schwab Investment Management Inc. Acquires 40,888 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Charles Schwab Investment Management Inc. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,071,098 shares of the industrial products company’s stock after purchasing an additional 40,888 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.69% of Stanley Black & Decker worth $85,998,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the fourth quarter worth $36,000. Cape Investment Advisory Inc. increased its position in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at $44,000. Finally, Crews Bank & Trust bought a new position in Stanley Black & Decker during the fourth quarter valued at $49,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SWK. Citigroup cut 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. Jefferies Financial Group initiated 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. Mizuho raised 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 note on Thursday, December 19th. UBS Group lowered 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 research note on Friday, February 7th. Finally, Barclays lowered their target price 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Down 2.3 %

NYSE:SWK opened at $86.94 on Tuesday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a 50-day moving average of $85.41 and a 200 day moving average of $92.00. The firm has a market cap of $13.43 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. 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, topping analysts’ consensus estimates 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, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

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 Storage segment, and Industrial segment.