Cornerstone Investment Partners LLC Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Cornerstone Investment Partners LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 545,827 shares of the industrial products company’s stock after purchasing an additional 58,090 shares during the period. Stanley Black & Decker comprises approximately 3.0% of Cornerstone Investment Partners LLC’s holdings, making the stock its 17th largest position. Cornerstone Investment Partners LLC’s holdings in Stanley Black & Decker were worth $53,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SWK. Achmea Investment Management B.V. acquired a new position in Stanley Black & Decker in the first quarter valued at $36,000. Venturi Wealth Management LLC purchased a new stake in Stanley Black & Decker during the 3rd quarter valued at approximately $33,000. ICA Group Wealth Management LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $37,000. 1832 Asset Management L.P. purchased a new position in shares of Stanley Black & Decker in the 1st quarter valued at approximately $69,000. Finally, Castleview Partners LLC increased its holdings in shares of Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 388 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded down $0.27 during mid-day trading on Friday, reaching $89.05. The company had a trading volume of 283,601 shares, compared to its average volume of 1,272,510. The stock’s 50-day simple moving average is $91.45 and its 200-day simple moving average is $90.57. The company has a market capitalization of $13.70 billion, a P/E ratio of -42.92, a P/E/G ratio of 2.41 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.64%. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Robert W. Baird lowered their target price 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. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Company 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.