Stanley Black & Decker, Inc. (NYSE:SWK) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 17.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,200 shares of the industrial products company’s stock after buying an additional 4,128 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Stanley Black & Decker were worth $2,079,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after buying an additional 495,103 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company’s stock valued at $1,478,454,000 after buying an additional 246,800 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after buying an additional 3,063,114 shares in the last quarter. Invesco Ltd. grew its stake in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock valued at $332,336,000 after buying an additional 763,219 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock valued at $312,732,000 after buying an additional 18,778 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.6%

Shares of SWK stock opened at $71.17 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The firm has a market cap of $11.01 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. The stock has a 50 day moving average of $65.98 and a 200-day moving average of $74.50. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.61%. Stanley Black & Decker’s payout ratio is 136.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SWK shares. Robert W. Baird boosted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, May 5th. Finally, Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.10.

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 Outdoor and Industrial segments.