IFM Investors Pty Ltd Increases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

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

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after buying an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after buying an additional 246,800 shares during the period. Capital Research Global Investors lifted its stake in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after acquiring an additional 3,063,114 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after purchasing an additional 763,219 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock valued at $312,732,000 after buying an additional 18,778 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded up $1.26 during mid-day trading on Wednesday, hitting $72.95. The stock had a trading volume of 1,642,439 shares, compared to its average volume of 2,019,311. The firm has a market cap of $11.29 billion, a PE ratio of 30.27, a PEG ratio of 1.37 and a beta of 1.18. The company's 50-day simple moving average is $66.54 and its 200-day simple moving average is $74.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday. Robert W. Baird raised their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. decreased 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 research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $92.10.

About Stanley Black & Decker

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.