National Pension Service Invests $5.47 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

National Pension Service acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,633 shares of the industrial products company's stock, valued at approximately $5,466,000.

A number of other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Stanley Black & Decker by 6.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company's stock worth $2,819,000 after acquiring an additional 1,776 shares during the period. Empirical Finance LLC raised its position in Stanley Black & Decker by 3.5% in the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company's stock valued at $544,000 after purchasing an additional 190 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Stanley Black & Decker by 163.6% in the 1st quarter. Quantbot Technologies LP now owns 26,395 shares of the industrial products company's stock valued at $2,585,000 after buying an additional 16,383 shares during the period. Empowered Funds LLC grew its position in shares of Stanley Black & Decker by 23.7% during the first quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company's stock worth $316,000 after buying an additional 618 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Stanley Black & Decker by 99.6% during the first quarter. SG Americas Securities LLC now owns 16,295 shares of the industrial products company's stock worth $1,596,000 after buying an additional 8,133 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $1.71 during trading hours on Friday, reaching $90.17. The stock had a trading volume of 1,942,574 shares, compared to its average volume of 1,439,422. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of -65.82, a PEG ratio of 2.47 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a 50-day moving average of $102.92 and a 200-day moving average of $93.90. 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 (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. During the same period in the previous year, the company posted $1.05 EPS. The company's quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.64%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

Analyst Upgrades and Downgrades

Several research firms have commented on SWK. Barclays boosted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Morgan Stanley lowered their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird lowered their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group raised their target price on 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 given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.