KLP Kapitalforvaltning AS Invests $4.40 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

KLP Kapitalforvaltning AS acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 54,854 shares of the industrial products company’s stock, valued at approximately $4,404,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $231,000. Quantbot Technologies LP boosted its position in Stanley Black & Decker by 673.7% during the 4th quarter. Quantbot Technologies LP now owns 80,881 shares of the industrial products company’s stock worth $6,494,000 after acquiring an additional 70,427 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $40,000. Loudon Investment Management LLC raised its holdings in shares of Stanley Black & Decker by 1.0% in the fourth quarter. Loudon Investment Management LLC now owns 47,780 shares of the industrial products company’s stock valued at $3,836,000 after purchasing an additional 455 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $535,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $80.44 on Wednesday. The company has a market cap of $12.43 billion, a P/E ratio of 41.46, a P/E/G ratio of 1.33 and a beta of 1.25. The firm’s fifty day moving average price is $85.41 and its two-hundred day moving average price is $90.51. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

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

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.08%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Analyst Ratings Changes

A number of research firms recently weighed in on SWK. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average price target of $103.00.

About Stanley Black & Decker

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.