Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 188.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,200 shares of the industrial products company’s stock after buying an additional 4,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in Stanley Black & Decker were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SWK. Chapin Davis Inc. lifted its position in Stanley Black & Decker by 28.3% during the first quarter. Chapin Davis Inc. now owns 3,714 shares of the industrial products company’s stock worth $364,000 after buying an additional 819 shares during the period. Applied Capital LLC FL grew its stake in shares of Stanley Black & Decker by 4.3% during the 1st quarter. Applied Capital LLC FL now owns 9,585 shares of the industrial products company’s stock valued at $939,000 after buying an additional 394 shares during the period. Eagle Ridge Investment Management increased its holdings in shares of Stanley Black & Decker by 41.8% during the 1st quarter. Eagle Ridge Investment Management now owns 4,298 shares of the industrial products company’s stock worth $421,000 after buying an additional 1,268 shares during the last quarter. Olstein Capital Management L.P. raised its position in shares of Stanley Black & Decker by 5.9% in the 1st quarter. Olstein Capital Management L.P. now owns 72,000 shares of the industrial products company’s stock worth $7,051,000 after buying an additional 4,000 shares during the period. Finally, Abundance Wealth Counselors grew its position in Stanley Black & Decker by 10.3% during the first quarter. Abundance Wealth Counselors now owns 6,335 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 591 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 0.9 %

SWK opened at $101.98 on Friday. The stock has a market capitalization of $15.70 billion, a PE ratio of -52.57, a P/E/G ratio of 2.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 12-month low of $76.57 and a 12-month high of $110.88. The firm’s fifty day moving average price is $103.57 and its 200 day moving average price is $93.69.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -169.07%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Barclays boosted their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.13.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Company Profile

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.