Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by National Pension Service

National Pension Service lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 485.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,385 shares of the industrial products company's stock after buying an additional 240,752 shares during the period. National Pension Service owned about 0.19% of Stanley Black & Decker worth $23,315,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Empirical Finance LLC raised its stake in shares of Stanley Black & Decker by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock worth $581,000 after buying an additional 111 shares in the last quarter. Advisors Management Group Inc. ADV raised its stake in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after buying an additional 117 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock worth $1,740,000 after buying an additional 127 shares in the last quarter. Assetmark Inc. raised its stake in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company's stock worth $1,039,000 after buying an additional 130 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock worth $1,758,000 after buying an additional 149 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SWK shares. Barclays lowered their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. 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. Citigroup lowered their price target 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. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $103.00.

Stanley Black & Decker Price Performance

NYSE:SWK traded up $2.23 during trading hours on Wednesday, reaching $83.68. 1,888,338 shares of the company traded hands, compared to its average volume of 1,824,149. The firm's 50-day moving average is $85.01 and its 200-day moving average is $92.26. The stock has a market cap of $12.92 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

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 Storage segment, and Industrial segment.