Mirae Asset Global Investments Co. Ltd. Acquires 4,128 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mirae Asset Global Investments Co. Ltd. lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,200 shares of the industrial products company's stock after acquiring an additional 4,128 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Stanley Black & Decker were worth $2,079,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock worth $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $1,478,454,000 after buying an additional 246,800 shares during the last quarter. Capital Research Global Investors boosted 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 buying an additional 3,063,114 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after buying an additional 763,219 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of 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 worth $312,732,000 after buying an additional 18,778 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK stock traded down $1.71 during trading on Monday, hitting $69.39. The company had a trading volume of 2,155,494 shares, compared to its average volume of 2,011,678. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock's 50-day moving average is $66.33 and its two-hundred day moving average is $74.27. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

Wall Street Analyst Weigh In

Several research firms have commented on SWK. JPMorgan Chase & Co. dropped 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. UBS Group dropped their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.