UniSuper Management Pty Ltd Has $1.98 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

UniSuper Management Pty Ltd lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,602 shares of the industrial products company’s stock after acquiring an additional 6,641 shares during the period. UniSuper Management Pty Ltd’s holdings in Stanley Black & Decker were worth $1,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SWK. Americana Partners LLC increased its holdings in shares of Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after purchasing an additional 72,637 shares during the period. Harbor Capital Advisors Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at about $1,386,000. Avanza Fonder AB acquired a new position in Stanley Black & Decker in the 4th quarter valued at approximately $1,287,000. State Street Corp lifted its position in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares during the period. Finally, FMR LLC grew its holdings in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $76.46 on Monday. The stock has a market capitalization of $11.82 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1 year low of $76.25 and a 1 year high of $110.88. The firm has a 50 day moving average of $85.03 and a 200-day moving average of $90.10.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Finally, 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 research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $102.20.

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 Outdoor and Industrial segments.