Impax Asset Management Group plc Acquires 14,551 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Impax Asset Management Group plc grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,021 shares of the industrial products company’s stock after purchasing an additional 14,551 shares during the period. Impax Asset Management Group plc owned approximately 0.28% of Stanley Black & Decker worth $34,205,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $44,000. Crews Bank & Trust purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $49,000. Sunbelt Securities Inc. boosted its stake in Stanley Black & Decker by 363.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 513 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $54,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $87.95 on Monday. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. The company has a fifty day moving average of $84.33 and a 200-day moving average of $92.81. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

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, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business 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 dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut 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. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Company Profile

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.