Mariner LLC Has $34.95 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Mariner LLC grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 590.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,295 shares of the industrial products company’s stock after buying an additional 372,247 shares during the quarter. Mariner LLC owned approximately 0.28% of Stanley Black & Decker worth $34,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Stanley Black & Decker by 85.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,485 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 3,907 shares during the last quarter. MML Investors Services LLC raised its holdings in Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after buying an additional 127 shares in the last quarter. Barclays PLC lifted its position in shares of Stanley Black & Decker by 30.9% in the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock worth $47,061,000 after buying an additional 100,894 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Stanley Black & Decker during the 3rd quarter worth about $265,000. Finally, World Investment Advisors LLC bought a new position in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $229,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $58.92 on Wednesday. The stock has a market cap of $9.11 billion, a PE ratio of 30.37, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The stock’s 50 day simple moving average is $78.44 and its 200-day simple moving average is $86.28. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast 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 was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.57%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective 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. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. Citigroup lowered their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group cut their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker 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 Outdoor and Industrial segments.