Forsta AP Fonden Has $5.57 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Forsta AP Fonden increased its holdings in Stanley Black & Decker by 84.2%, acquiring an additional 33,100 shares, bringing its total to 72,400 shares valued at approximately $5.57 million.
• The company announced a quarterly dividend of $0.83 per share, representing an annualized dividend of $3.32 and a yield of 4.8%, up from the previous dividend of $0.82.
• Stanley Black & Decker reported earnings of $1.08 per share in its last quarter, exceeding expectations significantly, despite a year-over-year revenue decline of 6.2% to $3.95 billion.

Forsta AP Fonden raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 84.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,400 shares of the industrial products company's stock after buying an additional 33,100 shares during the quarter. Forsta AP Fonden's holdings in Stanley Black & Decker were worth $5,566,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SWK. Wellington Management Group LLP lifted its holdings in shares of Stanley Black & Decker by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock worth $777,000 after buying an additional 1,188 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Stanley Black & Decker by 83.6% during the fourth quarter. Bank of Nova Scotia now owns 36,163 shares of the industrial products company's stock worth $2,904,000 after buying an additional 16,462 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $15,607,000. Treasurer of the State of North Carolina lifted its holdings in shares of Stanley Black & Decker by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,578 shares of the industrial products company's stock worth $5,426,000 after buying an additional 420 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,109 shares of the industrial products company's stock worth $731,000 after buying an additional 3,250 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

NYSE:SWK traded down $0.47 during trading hours on Friday, reaching $73.95. The company had a trading volume of 350,943 shares, compared to its average volume of 2,401,667. The stock has a 50-day moving average of $69.36 and a two-hundred day moving average of $72.09. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The firm has a market capitalization of $11.45 billion, a PE ratio of 23.47, a PEG ratio of 1.68 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.01 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is presently 104.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SWK shares. Barclays lowered their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. UBS Group lowered their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $91.10.

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.