Avanza Fonder AB Invests $1.29 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Avanza Fonder AB bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,035 shares of the industrial products company's stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC increased its stake in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 237 shares during the last quarter. Waldron Private Wealth LLC purchased a new position in Stanley Black & Decker in the 3rd quarter worth about $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker in the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK traded up $0.37 during trading on Monday, hitting $84.34. The stock had a trading volume of 1,510,697 shares, compared to its average volume of 1,258,424. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a 50 day simple moving average of $84.14 and a 200-day simple moving average of $93.36. The firm has a market cap of $13.00 billion, a PE ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. Analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a $0.82 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.89%. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Analyst Ratings Changes

Several equities analysts have weighed in on SWK shares. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Barclays cut their price objective on shares of 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. Finally, Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $101.25.

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.