Korea Investment CORP Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Korea Investment CORP boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 90.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 136,694 shares of the industrial products company's stock after acquiring an additional 65,039 shares during the period. Korea Investment CORP owned 0.09% of Stanley Black & Decker worth $10,975,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $55,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Stanley Black & Decker by 0.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock worth $5,777,000 after acquiring an additional 269 shares in the last quarter. TIAA Trust National Association boosted its holdings in shares of Stanley Black & Decker by 24.2% in the fourth quarter. TIAA Trust National Association now owns 4,716 shares of the industrial products company's stock worth $379,000 after acquiring an additional 918 shares during the period. Vanguard Group Inc. grew its position in shares of Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after purchasing an additional 495,103 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Stanley Black & Decker by 0.5% during the 4th quarter. LPL Financial LLC now owns 96,080 shares of the industrial products company's stock valued at $7,714,000 after purchasing an additional 453 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

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Stanley Black & Decker Trading Down 1.0 %

SWK stock traded down $0.78 on Tuesday, reaching $76.10. The company's stock had a trading volume of 1,846,832 shares, compared to its average volume of 1,584,302. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The business has a fifty day simple moving average of $84.67 and a two-hundred day simple moving average of $89.78. The firm has a market cap of $11.76 billion, a PE ratio of 39.23, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $74.31 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current 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 $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.31%. Stanley Black & Decker's payout ratio is 169.07%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup reduced their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Mizuho raised 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. Wells Fargo & Company dropped their price objective 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. Finally, UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. One research 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.