Handelsbanken Fonder AB Has $3.48 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Handelsbanken Fonder AB raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,300 shares of the industrial products company’s stock after purchasing an additional 6,964 shares during the quarter. Handelsbanken Fonder AB’s holdings in Stanley Black & Decker were worth $3,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWK. Empirical Finance LLC boosted its position in Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 111 shares during the last quarter. Advisors Management Group Inc. ADV boosted its stake in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares during the period. MML Investors Services LLC increased its holdings in shares of Stanley Black & Decker by 0.8% in the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after purchasing an additional 127 shares during the last quarter. Assetmark Inc. grew its stake in Stanley Black & Decker by 1.4% in the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after buying an additional 130 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Barclays lowered their price objective 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. Morgan Stanley cut their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird decreased their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Price Performance

Shares of SWK opened at $87.95 on Monday. The stock has a market cap of $13.58 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.33 and a beta of 1.24. The business’s fifty day moving average is $84.33 and its 200 day moving average is $92.81. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

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.