IFM Investors Pty Ltd Purchases 6,126 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

IFM Investors Pty Ltd raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 55.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,198 shares of the industrial products company’s stock after acquiring an additional 6,126 shares during the period. IFM Investors Pty Ltd’s holdings in Stanley Black & Decker were worth $2,484,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Usca Ria LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter worth approximately $28,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Stanley Black & Decker by 3,900.0% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 200 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 195 shares during the last quarter. Doyle Wealth Management acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $36,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Stanley Black & Decker by 134.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Stanley Black & Decker from $161.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Wells Fargo & Co reissued a “buy” rating on shares of Stanley Black & Decker in a report on Tuesday, October 15th. Buckingham Research boosted their target price on Stanley Black & Decker from $149.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Barclays decreased their target price on Stanley Black & Decker from $163.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Wolfe Research set a $160.00 target price on Stanley Black & Decker and gave the stock a “hold” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Stanley Black & Decker has an average rating of “Hold” and an average target price of $157.47.

NYSE SWK traded down $1.83 on Friday, reaching $157.62. The stock had a trading volume of 16,050 shares, compared to its average volume of 1,028,333. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.47. The firm has a fifty day moving average of $146.97 and a two-hundred day moving average of $142.17. Stanley Black & Decker, Inc. has a 1-year low of $110.54 and a 1-year high of $162.15. The company has a market cap of $24.32 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 2.46 and a beta of 1.40.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.10. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.80%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $2.08 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts predict that Stanley Black & Decker, Inc. will post 8.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.75%. Stanley Black & Decker’s payout ratio is 33.87%.

Stanley Black & Decker announced that its board has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

In related news, insider (Phil) Lockyer Phillip bought 130,434 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average cost of $0.23 per share, for a total transaction of $29,999.82. Also, insider John H. Wyatt sold 17,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $159.87, for a total value of $2,797,725.00. Following the sale, the insider now owns 66,351 shares of the company’s stock, valued at $10,607,534.37. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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