Handelsbanken Fonder AB Has $6.61 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Handelsbanken Fonder AB reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 67,343 shares of the industrial products company’s stock after selling 5,648 shares during the quarter. Handelsbanken Fonder AB’s holdings in Stanley Black & Decker were worth $6,606,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Foresight Capital Management Advisors Inc. acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $2,593,000. Charles Schwab Investment Management Inc. boosted its position in Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after buying an additional 13,540 shares during the period. Vest Financial LLC boosted its position in Stanley Black & Decker by 44.0% during the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after buying an additional 103,403 shares during the period. Neo Ivy Capital Management acquired a new stake in Stanley Black & Decker during the 3rd quarter worth approximately $1,605,000. Finally, Manchester Financial Inc. bought a new position in Stanley Black & Decker during the 4th quarter worth approximately $2,067,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays raised their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $88.80 on Friday. The company’s 50-day moving average is $91.52 and its 200 day moving average is $90.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The company has a market capitalization of $13.66 billion, a P/E ratio of -42.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the firm earned ($0.10) EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Stanley Black & Decker 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.