KBC Group NV Has $1.95 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

KBC Group NV increased its position in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 48.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,902 shares of the industrial products company’s stock after acquiring an additional 6,465 shares during the quarter. KBC Group NV’s holdings in Stanley Black & Decker were worth $1,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 5.2% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 6,644 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 330 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Stanley Black & Decker by 1.8% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 11,647 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 210 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $79,370,000 after buying an additional 13,540 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Stanley Black & Decker by 9.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,442 shares of the industrial products company’s stock valued at $873,000 after buying an additional 912 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in Stanley Black & Decker by 77.1% in the third quarter. Pathstone Family Office LLC now owns 7,336 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 3,194 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of analyst reports. Robert W. Baird cut their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $100.00 to $86.00 in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.44.

View Our Latest Report on SWK

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Stock Performance

SWK stock opened at $82.46 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a twelve month low of $76.26 and a twelve month high of $104.21. The business has a fifty day moving average of $89.30 and a 200-day moving average of $91.73.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.41) earnings per share. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders 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 dividend yield of 3.93%. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Stanley Black & Decker Company Profile

(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.

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

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