Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,500 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,407 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. 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.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its holdings in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Geode Capital Management LLC lifted its position in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after acquiring an additional 235,106 shares in the last quarter. Clean Energy Transition LLP increased its stake in shares of Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock worth $128,054,000 after buying an additional 109,100 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Down 0.5 %

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

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

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 3.75%. Stanley Black & Decker’s payout ratio is currently 169.07%.

Analysts Set New Price Targets

SWK has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Barclays reduced their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.00.

About Stanley Black & Decker

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.