Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.36 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,407 shares of the industrial products company’s stock after selling 1,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Stanley Black & Decker were worth $2,361,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth about $36,000. Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $44,000. Crews Bank & Trust bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $49,000. Sunbelt Securities Inc. boosted its holdings in shares of Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after buying an additional 513 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $54,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK stock opened at $87.39 on Thursday. The company has a 50 day simple moving average of $84.69 and a 200 day simple moving average of $92.67. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays reduced their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. UBS Group reduced their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price for the company. Finally, Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Profile

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.