IFM Investors Pty Ltd Buys 430 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

IFM Investors Pty Ltd grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,613 shares of the industrial products company’s stock after acquiring an additional 430 shares during the period. IFM Investors Pty Ltd’s holdings in Stanley Black & Decker were worth $3,482,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after acquiring an additional 1,250,925 shares during the period. International Assets Investment Management LLC boosted its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after purchasing an additional 390,941 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Sabal Trust CO bought a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $19,878,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after buying an additional 212,103 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Morgan Stanley began coverage on Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Wells Fargo & Company cut their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Robert W. Baird upped their price target on Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.13.

Stanley Black & Decker Stock Down 0.9 %

SWK stock opened at $101.98 on Friday. The company’s 50 day moving average is $103.57 and its 200 day moving average is $93.69. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $76.57 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) EPS. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.22%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -169.07%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.