UniSuper Management Pty Ltd Buys 6,641 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

UniSuper Management Pty Ltd increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,602 shares of the industrial products company's stock after purchasing an additional 6,641 shares during the quarter. UniSuper Management Pty Ltd's holdings in Stanley Black & Decker were worth $1,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at $36,000. Cape Investment Advisory Inc. lifted its position in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares during the period. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. increased its holdings in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after buying an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $44,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays cut their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. UBS Group decreased their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. One 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $102.20.

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Stanley Black & Decker Trading Down 1.0 %

SWK traded down $0.78 during midday trading on Tuesday, reaching $76.10. 1,846,832 shares of the company were exchanged, 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 stock has a market capitalization of $11.76 billion, a P/E ratio of 39.23, a PEG ratio of 1.33 and a beta of 1.25. The stock's 50-day simple moving average is $84.67 and its 200 day simple moving average is $89.78. Stanley Black & Decker, Inc. has a one year low of $74.31 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.31%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 169.07%.

Stanley Black & Decker Company 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.