Korea Investment CORP Grows Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Korea Investment CORP lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 90.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 136,694 shares of the industrial products company’s stock after acquiring an additional 65,039 shares during the period. Korea Investment CORP owned 0.09% of Stanley Black & Decker worth $10,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. lifted its position in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. increased its position in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $44,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on SWK shares. Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their price target 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. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Finally, UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Down 1.6 %

SWK opened at $76.46 on Monday. 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, Inc. has a 12 month low of $76.25 and a 12 month high of $110.88. The stock has a market capitalization of $11.82 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.33 and a beta of 1.25. The business has a 50 day simple moving average of $85.03 and a 200-day simple moving average of $90.10.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.29%. Stanley Black & Decker’s payout ratio is 169.07%.

Stanley Black & Decker Company 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 Outdoor and Industrial segments.