KLP Kapitalforvaltning AS Sells 24,054 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Stanley Black & Decker by 43.0%, selling 24,054 shares and leaving it with a holding of 31,900 shares valued at approximately $2.16 million.
• Several institutional investors, including Farther Finance Advisors LLC and GAMMA Investing LLC, have increased their investments in Stanley Black & Decker, suggesting a mixed sentiment among stakeholders.
• Stanley Black & Decker announced a quarterly dividend of $0.83 per share, which is a slight increase from the previous dividend, leading to an annualized yield of 5.2%.

KLP Kapitalforvaltning AS lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 43.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,900 shares of the industrial products company's stock after selling 24,054 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Stanley Black & Decker were worth $2,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Stanley Black & Decker by 50.1% in the 1st quarter. Farther Finance Advisors LLC now owns 3,283 shares of the industrial products company's stock valued at $250,000 after acquiring an additional 1,096 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 valued at $348,000 after purchasing an additional 1,304 shares during the period. CX Institutional bought a new stake in Stanley Black & Decker in the first quarter valued at approximately $43,000. Simon Quick Advisors LLC acquired a new stake in Stanley Black & Decker in the first quarter worth $231,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Stanley Black & Decker by 38.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,311 shares of the industrial products company's stock worth $7,789,000 after purchasing an additional 28,154 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on SWK. Weiss Ratings restated a "hold (c)" rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Barclays lowered their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus price target of $89.90.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $64.37 on Monday. The stock's 50-day simple moving average is $74.23 and its 200 day simple moving average is $69.09. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $109.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market cap of $9.96 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.34 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.72 billion during the quarter. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.83 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 5.2%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is presently 105.40%.

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.

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