KBC Group NV Has $16.45 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

KBC Group NV lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,980 shares of the industrial products company's stock after selling 10,838 shares during the period. KBC Group NV owned 0.14% of Stanley Black & Decker worth $16,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Stanley Black & Decker by 0.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock valued at $5,777,000 after acquiring an additional 269 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Stanley Black & Decker in the first quarter valued at about $245,000. Wellington Management Group LLP boosted its stake 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 valued at $777,000 after purchasing an additional 1,188 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Stanley Black & Decker by 40.5% during the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock worth $348,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Stanley Black & Decker by 14.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock valued at $217,000 after buying an additional 337 shares during the period. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted 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 report on Tuesday. JPMorgan Chase & Co. reduced 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 research note on Monday, May 5th. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Robert W. Baird upped their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, UBS Group lowered their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $92.10.

Stanley Black & Decker Trading Down 0.6%

Shares of Stanley Black & Decker stock traded down $0.40 on Friday, hitting $71.17. 1,088,708 shares of the company's stock traded hands, compared to its average volume of 2,007,757. The company has a fifty day moving average of $65.98 and a two-hundred day moving average of $74.50. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. 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 (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 earned $0.56 EPS. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.61%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

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.