Royal London Asset Management Ltd. Purchases 13,549 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Royal London Asset Management Ltd. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 24.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,113 shares of the industrial products company’s stock after acquiring an additional 13,549 shares during the period. Royal London Asset Management Ltd.’s holdings in Stanley Black & Decker were worth $6,878,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. First United Bank & Trust purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth approximately $25,000. Quarry LP purchased a new stake in Stanley Black & Decker in the 4th quarter valued at $36,000. Principal Securities Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at $38,000. Parkside Financial Bank & Trust boosted its holdings in Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 160 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK traded down $2.34 during mid-day trading on Friday, hitting $83.55. The stock had a trading volume of 855,873 shares, compared to its average volume of 1,245,977. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The firm has a market cap of $12.86 billion, a P/E ratio of -121.09, a PEG ratio of 2.33 and a beta of 1.29. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $104.21. The business has a fifty day moving average price of $88.21 and a 200-day moving average price of $91.53.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) EPS. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.09 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.88%. The ex-dividend date is Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.57%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Finally, Barclays downgraded Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $100.00 to $86.00 in a research report on Tuesday, June 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $95.44.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.