BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 249.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,132 shares of the industrial products company's stock after acquiring an additional 14,368 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Stanley Black & Decker were worth $1,616,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SWK. Americana Partners LLC grew its stake in Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after buying an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $1,287,000. Franklin Resources Inc. boosted its stake in Stanley Black & Decker by 12.6% in the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after purchasing an additional 18,776 shares during the period. Finally, Cascade Investment Advisors Inc. purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $1,076,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded up $0.01 during trading on Monday, hitting $61.59. 524,285 shares of the stock traded hands, compared to its average volume of 1,773,211. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average is $73.95 and its 200-day moving average is $83.38. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.33%. Stanley Black & Decker's payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWK. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. Barclays lowered their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Citigroup dropped their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $102.20.

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.