Xact Kapitalforvaltning AB Boosts Holdings in Stanley Black & Decker, Inc. (SWK)

Xact Kapitalforvaltning AB raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,392 shares of the industrial products company’s stock after acquiring an additional 1,983 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Stanley Black & Decker were worth $6,854,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Stanley Black & Decker by 7.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 84,184 shares of the industrial products company’s stock valued at $14,285,000 after purchasing an additional 5,726 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $264,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Stanley Black & Decker by 50.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,685 shares of the industrial products company’s stock valued at $1,474,000 after purchasing an additional 2,900 shares during the last quarter. Banco de Sabadell S.A purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $309,000. Finally, Wealthsource Partners LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $224,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the stock. Morgan Stanley set a $178.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, March 12th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $190.00 target price on shares of Stanley Black & Decker in a report on Thursday, January 25th. UBS began coverage on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. They issued a “buy” rating and a $200.00 price objective for the company. ValuEngine upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Seaport Global Securities restated a “buy” rating and issued a $193.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.35.

Shares of SWK stock opened at $151.31 on Friday. The firm has a market cap of $23,804.06, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.80 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.58 and a current ratio of 1.05. Stanley Black & Decker, Inc. has a 12 month low of $128.08 and a 12 month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.89%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 EPS. equities research analysts predict that Stanley Black & Decker, Inc. will post 8.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.67%. Stanley Black & Decker’s dividend payout ratio is presently 31.30%.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $151.44, for a total transaction of $497,328.96. Following the completion of the sale, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.69% of the stock is currently owned by insiders.

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About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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