IFM Investors Pty Ltd Acquires 4,436 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

IFM Investors Pty Ltd lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,613 shares of the industrial products company's stock after purchasing an additional 4,436 shares during the period. IFM Investors Pty Ltd's holdings in Stanley Black & Decker were worth $2,430,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC increased its position in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after acquiring an additional 296 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Stanley Black & Decker in the first quarter worth approximately $31,000. Millstone Evans Group LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $40,000. CX Institutional purchased a new position in shares of Stanley Black & Decker in the first quarter worth approximately $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday. UBS Group decreased their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $92.10.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $0.96 on Friday, reaching $72.89. The stock had a trading volume of 1,722,793 shares, compared to its average volume of 2,026,652. The business's 50-day moving average price is $67.10 and its two-hundred day moving average price is $74.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The stock has a market cap of $11.28 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.50%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

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.