Vinva Investment Management Ltd Makes New $1.05 Million Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Vinva Investment Management Ltd acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,529 shares of the industrial products company's stock, valued at approximately $1,046,000.

Several other institutional investors have also recently modified their holdings of SWK. Tidal Investments LLC increased its position in shares of Stanley Black & Decker by 252.2% during the 1st quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company's stock valued at $1,275,000 after purchasing an additional 9,323 shares during the last quarter. Swedbank AB bought a new position in shares of Stanley Black & Decker during the 1st quarter valued at about $8,772,000. PGGM Investments purchased a new stake in Stanley Black & Decker during the 1st quarter valued at about $178,000. Cetera Advisors LLC boosted its holdings in Stanley Black & Decker by 282.1% during the 1st quarter. Cetera Advisors LLC now owns 8,009 shares of the industrial products company's stock valued at $784,000 after acquiring an additional 5,913 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Stanley Black & Decker by 2.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 25,787 shares of the industrial products company's stock valued at $2,482,000 after acquiring an additional 542 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 0.4 %

Shares of NYSE:SWK traded down $0.32 during trading on Friday, hitting $89.45. The stock had a trading volume of 523,987 shares, compared to its average volume of 1,447,207. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a market capitalization of $13.79 billion, a PE ratio of -65.29, a PEG ratio of 2.42 and a beta of 1.25. The firm's fifty day moving average is $98.65 and its 200 day moving average is $93.81. The company has a quick ratio of 0.42, a current ratio of 1.29 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business's revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SWK shares. Barclays increased their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley dropped their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $102.29.

About Stanley Black & Decker

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.