16,035 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by Avanza Fonder AB

Avanza Fonder AB purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 16,035 shares of the industrial products company’s stock, valued at approximately $1,287,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC raised its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its position in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after buying an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the 3rd quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker during the 3rd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on SWK shares. 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. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Mizuho raised 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $84.34 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a market capitalization of $13.00 billion, a PE ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a fifty day moving average of $84.14 and a two-hundred day moving average of $93.27.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 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, December 17th. Stockholders of record on Friday, November 29th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.89%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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.