ING Groep NV Has $5.19 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

ING Groep NV raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 213.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,590 shares of the industrial products company’s stock after acquiring an additional 43,999 shares during the period. ING Groep NV’s holdings in Stanley Black & Decker were worth $5,186,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Handelsbanken Fonder AB increased its holdings in shares of Stanley Black & Decker by 19.2% during the fourth quarter. Handelsbanken Fonder AB now owns 43,300 shares of the industrial products company’s stock worth $3,477,000 after buying an additional 6,964 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Stanley Black & Decker by 638.7% in the fourth quarter. Ieq Capital LLC now owns 56,210 shares of the industrial products company’s stock valued at $4,513,000 after purchasing an additional 48,601 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Stanley Black & Decker by 35.0% in the fourth quarter. Private Advisor Group LLC now owns 14,149 shares of the industrial products company’s stock valued at $1,136,000 after purchasing an additional 3,671 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Stanley Black & Decker by 20.6% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,497 shares of the industrial products company’s stock valued at $444,000 after purchasing an additional 939 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Stanley Black & Decker by 12.2% in the fourth quarter. Venturi Wealth Management LLC now owns 2,744 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.2 %

Shares of NYSE SWK opened at $87.95 on Friday. The company’s fifty day moving average is $84.23 and its 200-day moving average is $92.89. The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 45.34, a P/E/G ratio of 1.32 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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 research analysts predict that Stanley Black & Decker, Inc. will post 5.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.73%. Stanley Black & Decker’s payout ratio is 169.07%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Barclays lowered their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. UBS Group lowered their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Company Profile

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 Storage segment, and Industrial segment.