KLP Kapitalforvaltning AS Acquires New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

KLP Kapitalforvaltning AS purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 54,854 shares of the industrial products company's stock, valued at approximately $4,404,000.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in shares of Stanley Black & Decker by 29.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company's stock valued at $927,000 after acquiring an additional 1,933 shares during the period. Pathstone Holdings LLC grew its holdings in Stanley Black & Decker by 4.6% during the third quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company's stock valued at $1,412,000 after purchasing an additional 560 shares during the period. Charles Schwab Investment Management Inc. increased its position in Stanley Black & Decker by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company's stock worth $113,457,000 after buying an additional 12,305 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Stanley Black & Decker by 5.2% in the third quarter. Great Valley Advisor Group Inc. now owns 8,126 shares of the industrial products company's stock worth $895,000 after buying an additional 401 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Stanley Black & Decker by 106.3% during the 3rd quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company's stock valued at $3,795,000 after acquiring an additional 17,756 shares during the period. Institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Trading Down 1.4 %

Shares of NYSE:SWK traded down $1.08 during trading on Friday, reaching $76.63. The company's stock had a trading volume of 706,292 shares, compared to its average volume of 1,775,685. The firm's 50 day simple moving average is $85.19 and its two-hundred day simple moving average is $90.34. 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, Inc. has a 12 month low of $76.52 and a 12 month high of $110.88. The stock has a market capitalization of $11.84 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.28%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SWK shares. UBS Group dropped their price target on shares of 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. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Barclays cut their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. 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, Stanley Black & Decker has an average rating of "Hold" and an average price target of $102.20.

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 Outdoor and Industrial segments.