Ontario Teachers Pension Plan Board Purchases Shares of 3,189 Stanley Black & Decker, Inc. (NYSE:SWK)

Ontario Teachers Pension Plan Board purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,189 shares of the industrial products company’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foresight Capital Management Advisors Inc. bought a new stake in Stanley Black & Decker during the 4th quarter valued at $2,593,000. Charles Schwab Investment Management Inc. increased its stake in Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares in the last quarter. Vest Financial LLC increased its stake in Stanley Black & Decker by 44.0% during the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock valued at $33,219,000 after purchasing an additional 103,403 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $1,605,000. Finally, Manchester Financial Inc. bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth $2,067,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.2 %

Shares of NYSE:SWK opened at $86.13 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The company’s 50-day moving average is $91.21 and its 200 day moving average is $92.03.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.41) earnings per share. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.09 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 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a yield of 3.76%. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, Barclays reduced their target price on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.00.

Check Out Our Latest Research Report on SWK

About Stanley Black & Decker

(Free Report)

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.

See Also

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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