UniSuper Management Pty Ltd Purchases 10,123 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

UniSuper Management Pty Ltd increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 589.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,839 shares of the industrial products company’s stock after buying an additional 10,123 shares during the period. UniSuper Management Pty Ltd’s holdings in Stanley Black & Decker were worth $1,159,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $25,000. Quarry LP purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $36,000. Principal Securities Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. boosted its position in Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the period. Finally, Fairman Group LLC purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $50,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded down $1.70 during trading hours on Wednesday, hitting $86.39. The company’s stock had a trading volume of 807,517 shares, compared to its average volume of 1,398,869. The company has a 50 day moving average of $84.83 and a 200 day moving average of $89.24. The stock has a market cap of $13.29 billion, a PE ratio of -125.20, a price-to-earnings-growth ratio of 2.45 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 3.98 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

Analyst Upgrades and Downgrades

SWK has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird reduced their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $100.00 to $86.00 in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $94.67.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker 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.