Argyle Capital Management LLC Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Argyle Capital Management LLC grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 197.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,950 shares of the industrial products company’s stock after acquiring an additional 3,950 shares during the quarter. Argyle Capital Management LLC’s holdings in Stanley Black & Decker were worth $478,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker in the 4th quarter valued at $36,000. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $44,000. Crews Bank & Trust purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $49,000. Sunbelt Securities Inc. boosted its position in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 513 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $54,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 2.1 %

NYSE SWK opened at $85.60 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 stock has a market capitalization of $13.22 billion, a P/E ratio of 44.12, a PEG ratio of 1.33 and a beta of 1.24. The firm’s 50-day moving average is $84.81 and its two-hundred day moving average is $92.62. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

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

Stanley Black & Decker Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.83%. Stanley Black & Decker’s payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Barclays reduced 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 report on Wednesday, January 8th. UBS Group dropped their target price on 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 upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Finally, Citigroup dropped their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price 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 Storage segment, and Industrial segment.