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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWK. Vanguard Group Inc. lifted its stake in Stanley Black & Decker by 2.6% in the fourth 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 position in shares of Stanley Black & Decker by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after purchasing an additional 246,800 shares during the period. Capital Research Global Investors lifted its holdings in shares of Stanley Black & Decker by 126.5% in 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 purchasing an additional 3,063,114 shares in the last quarter. Invesco Ltd. increased its stake in Stanley Black & Decker by 22.6% during the 4th 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 in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after buying an additional 18,778 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $1.40 during midday trading on Thursday, reaching $74.31. The stock had a trading volume of 1,558,963 shares, compared to its average volume of 2,017,842. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The firm's 50-day moving average price is $66.80 and its 200 day moving average price is $74.24. The firm has a market capitalization of $11.50 billion, a PE ratio of 30.85, a P/E/G ratio of 1.37 and a beta of 1.18. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the business posted $0.56 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SWK shares. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. Finally, UBS Group lowered their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $92.10.

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.