ING Groep NV Makes New $2.27 Million Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

ING Groep NV acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,591 shares of the industrial products company's stock, valued at approximately $2,268,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Rise Advisors LLC increased its stake in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after purchasing an additional 133 shares during the period. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $42,000 after buying an additional 237 shares in the last quarter. Summit Securities Group LLC purchased a new position in Stanley Black & Decker in the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the third quarter worth $59,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

NYSE:SWK traded down $0.37 during midday trading on Friday, hitting $85.45. 1,524,996 shares of the company were exchanged, compared to its average volume of 2,101,437. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company has a fifty day simple moving average of $101.22 and a 200 day simple moving average of $93.80.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations 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 business's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.84%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent research reports. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley cut their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $102.29.

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.