BI Asset Management Fondsmaeglerselskab A S Has $1.62 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 249.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,132 shares of the industrial products company’s stock after acquiring an additional 14,368 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Stanley Black & Decker were worth $1,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Americana Partners LLC boosted its position in Stanley Black & Decker by 180.5% during the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after purchasing an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Stanley Black & Decker in the fourth quarter worth approximately $1,386,000. Avanza Fonder AB bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,287,000. Franklin Resources Inc. lifted its stake in Stanley Black & Decker by 12.6% in the third quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company’s stock valued at $18,298,000 after acquiring an additional 18,776 shares during the last quarter. Finally, Cascade Investment Advisors Inc. bought a new stake in Stanley Black & Decker in the fourth quarter worth approximately $1,076,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SWK. Wells Fargo & Company reduced 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. Barclays lowered their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. Finally, UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $58.42 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company has a market cap of $9.03 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The firm has a fifty day moving average price of $75.52 and a two-hundred day moving average price of $84.50. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect 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, March 18th. Investors of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 5.61%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 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.