ASR Vermogensbeheer N.V. Invests $16.41 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• ASR Vermogensbeheer N.V. acquired 213,486 shares of Stanley Black & Decker, valued at approximately $16.4 million, representing a 0.14% ownership stake in the company.
• Analysts have set a consensus rating of "Hold" for Stanley Black & Decker, with a price target range between $70.00 and $100.00.
• Stanley Black & Decker recently announced a quarterly dividend increase to $0.83 per share, resulting in an annualized dividend yield of 4.8%.

ASR Vermogensbeheer N.V. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 213,486 shares of the industrial products company's stock, valued at approximately $16,412,000. ASR Vermogensbeheer N.V. owned about 0.14% of Stanley Black & Decker as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. CM Management LLC bought a new position in Stanley Black & Decker in the first quarter worth about $769,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after purchasing an additional 174 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in Stanley Black & Decker by 7.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 9,667 shares of the industrial products company's stock valued at $743,000 after purchasing an additional 703 shares during the period. Commonwealth Equity Services LLC grew its stake in Stanley Black & Decker by 1.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 232,073 shares of the industrial products company's stock worth $17,842,000 after buying an additional 2,874 shares during the last quarter. Finally, Raiffeisen Bank International AG increased its position in Stanley Black & Decker by 33.7% in the first quarter. Raiffeisen Bank International AG now owns 3,663 shares of the industrial products company's stock worth $280,000 after buying an additional 923 shares during the period. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. UBS Group reduced their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Barclays cut their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Price Performance

Shares of SWK traded up $0.56 during midday trading on Friday, reaching $69.30. The stock had a trading volume of 946,488 shares, compared to its average volume of 2,428,628. The firm's 50 day moving average price is $68.66 and its 200-day moving average price is $72.64. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market capitalization of $10.73 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.8%. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

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.