Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 249.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,132 shares of the industrial products company's stock after acquiring an additional 14,368 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Stanley Black & Decker were worth $1,616,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after purchasing an additional 3,063,114 shares during the period. Norges Bank acquired a new stake in Stanley Black & Decker in the fourth quarter worth $117,231,000. Invesco Ltd. lifted its stake in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after acquiring an additional 575,129 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after acquiring an additional 495,103 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 3.6 %

SWK stock opened at $58.42 on Wednesday. The firm has a market cap of $9.03 billion, a PE ratio of 30.11, a P/E/G ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $75.52 and a 200 day simple moving average of $84.50.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate 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 forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their target price 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. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. UBS Group cut their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Barclays decreased their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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.

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