Tredje AP fonden increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 19.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,067 shares of the industrial products company’s stock after purchasing an additional 1,823 shares during the quarter. Tredje AP fonden’s holdings in Stanley Black & Decker were worth $1,107,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Stanley Black & Decker by 20.7% during the 1st quarter. JPMorgan Chase & Co. now owns 8,811,311 shares of the industrial products company’s stock worth $881,132,000 after acquiring an additional 1,514,032 shares during the period. Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,551,507 shares of the industrial products company’s stock valued at $755,150,000 after acquiring an additional 77,168 shares in the last quarter. Capital Research Global Investors increased its position in Stanley Black & Decker by 6.4% in the 1st quarter. Capital Research Global Investors now owns 7,326,699 shares of the industrial products company’s stock valued at $732,670,000 after acquiring an additional 442,717 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Stanley Black & Decker by 5.7% during the 1st quarter. Wells Fargo & Company MN now owns 6,139,704 shares of the industrial products company’s stock worth $613,971,000 after buying an additional 333,419 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Stanley Black & Decker by 55.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,086,092 shares of the industrial products company’s stock worth $511,488,000 after buying an additional 1,100,720 shares during the period. Institutional investors own 87.13% of the company’s stock.

NYSE:SWK traded down $0.69 during trading hours on Friday, reaching $134.90. The company had a trading volume of 14,100 shares, compared to its average volume of 1,650,590. Stanley Black & Decker, Inc. has a 52 week low of $70.00 and a 52 week high of $173.67. The firm’s 50 day moving average price is $126.80 and its 200-day moving average price is $136.67. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $20.87 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 4.51 and a beta of 1.51.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Stanley Black & Decker had a net margin of 6.46% and a return on equity of 16.40%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, June 1st. Stanley Black & Decker’s payout ratio is 32.86%.

A number of research analysts recently issued reports on SWK shares. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $112.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Credit Suisse Group lifted their price target on Stanley Black & Decker from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Nomura dropped their price target on shares of Stanley Black & Decker from $145.00 to $131.00 in a research report on Monday, May 4th. Morgan Stanley boosted their price objective on shares of Stanley Black & Decker from $130.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Finally, UBS Group boosted their price objective on shares of Stanley Black & Decker from $136.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $153.88.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Further Reading: What is the balance sheet?

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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