Healthcare of Ontario Pension Plan Trust Fund Sells 18,325 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,675 shares of the industrial products company’s stock after selling 18,325 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Stanley Black & Decker were worth $18,526,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Stanley Black & Decker by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,093,927 shares of the industrial products company’s stock valued at $2,684,123,000 after purchasing an additional 151,057 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Stanley Black & Decker by 7.6% during the 3rd quarter. BlackRock Inc. now owns 11,408,750 shares of the industrial products company’s stock valued at $2,000,066,000 after acquiring an additional 806,086 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 1.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,328,091 shares of the industrial products company’s stock worth $1,284,688,000 after buying an additional 71,258 shares during the period. Amundi acquired a new position in Stanley Black & Decker during the 2nd quarter worth about $752,849,000. Finally, Geode Capital Management LLC lifted its holdings in Stanley Black & Decker by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,774,702 shares of the industrial products company’s stock worth $567,163,000 after buying an additional 91,648 shares during the period. Hedge funds and other institutional investors own 84.62% of the company’s stock.

SWK has been the subject of several research analyst reports. Zacks Investment Research raised Stanley Black & Decker from a “sell” rating to a “hold” rating and set a $198.00 price objective for the company in a research report on Monday, January 3rd. Morgan Stanley decreased their price objective on Stanley Black & Decker from $215.00 to $209.00 and set an “overweight” rating for the company in a report on Friday. Mizuho began coverage on Stanley Black & Decker in a report on Thursday, December 16th. They set a “buy” rating and a $222.00 price objective for the company. Bank of America downgraded Stanley Black & Decker from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $230.00 to $170.00 in a research note on Monday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Stanley Black & Decker from $207.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, December 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $212.58.

Shares of SWK opened at $192.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.23 and a quick ratio of 0.49. Stanley Black & Decker, Inc. has a one year low of $168.77 and a one year high of $225.00. The company has a 50-day simple moving average of $187.71 and a two-hundred day simple moving average of $190.30. The firm has a market capitalization of $31.41 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, October 27th. The industrial products company reported $2.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.47 by $0.30. Stanley Black & Decker had a net margin of 10.65% and a return on equity of 19.70%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the business posted $2.89 earnings per share. Stanley Black & Decker’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post 10.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 21st. Investors of record on Wednesday, December 1st were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 28.14%.

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 & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

Featured Story: Holder of Record

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.