Andra AP fonden Invests $1.37 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Andra AP fonden purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 17,100 shares of the industrial products company’s stock, valued at approximately $1,373,000.

Several other large investors have also recently made changes to their positions in SWK. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after acquiring an additional 652,780 shares in the last quarter. State Street Corp raised its position in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares in the last quarter. FMR LLC raised its position in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after acquiring an additional 267,723 shares in the last quarter. National Pension Service raised its position in shares of Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after acquiring an additional 240,752 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after acquiring an additional 235,106 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Up 4.6 %

Stanley Black & Decker stock opened at $89.07 on Monday. 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 business’s 50-day simple moving average is $85.27 and its two-hundred day simple moving average is $92.08. The company has a market cap of $13.75 billion, a PE ratio of 45.91, a PEG ratio of 1.33 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.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating 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 analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker’s payout ratio is 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of several recent research reports. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Citigroup dropped their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays dropped their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.00.

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 Storage segment, and Industrial segment.