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

Vinva Investment Management Ltd bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, Holdings Channel.com reports. The institutional investor bought 9,529 shares of the industrial products company’s stock, valued at approximately $1,046,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Tidal Investments LLC lifted its holdings in Stanley Black & Decker by 252.2% in the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 9,323 shares during the period. Swedbank AB purchased a new stake in Stanley Black & Decker in the 1st quarter valued at $8,772,000. PGGM Investments purchased a new stake in Stanley Black & Decker in the 1st quarter valued at $178,000. Cetera Advisors LLC grew its holdings in Stanley Black & Decker by 282.1% in the 1st quarter. Cetera Advisors LLC now owns 8,009 shares of the industrial products company’s stock valued at $784,000 after buying an additional 5,913 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Stanley Black & Decker by 2.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 25,787 shares of the industrial products company’s stock valued at $2,482,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the subject of several analyst reports. Barclays upped 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. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note 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 note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Price Performance

SWK stock opened at $89.45 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The firm has a market capitalization of $13.79 billion, a P/E ratio of -65.29, a P/E/G ratio of 2.42 and a beta of 1.25. The business’s 50-day moving average is $98.65 and its two-hundred day moving average is $93.81. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. 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 is currently -239.42%.

Stanley Black & Decker Company Profile

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.