Sandvik AB (publ) (OTCMKTS:SDVKY) Hits New 12-Month Low at $14.14

Shares of Sandvik AB (publ) (OTCMKTS:SDVKYGet Rating) hit a new 52-week low on Thursday . The company traded as low as $14.14 and last traded at $14.31, with a volume of 108719 shares trading hands. The stock had previously closed at $14.57.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SDVKY shares. Royal Bank of Canada upgraded Sandvik AB (publ) from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 29th. Morgan Stanley cut their price objective on Sandvik AB (publ) from SEK 251 to SEK 235 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Barclays dropped their target price on Sandvik AB (publ) from SEK 230 to SEK 200 and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Societe Generale cut Sandvik AB (publ) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Credit Suisse Group decreased their price objective on Sandvik AB (publ) from SEK 230 to SEK 215 and set an “outperform” rating for the company in a research note on Tuesday, July 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.17.

Sandvik AB (publ) Price Performance

The stock has a fifty day moving average of $16.90 and a two-hundred day moving average of $18.69. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 5.13 and a beta of 1.40. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.53.

Sandvik AB (publ) (OTCMKTS:SDVKYGet Rating) last announced its quarterly earnings data on Friday, July 15th. The industrial products company reported $0.24 earnings per share for the quarter. Sandvik AB (publ) had a return on equity of 18.36% and a net margin of 14.64%. The firm had revenue of $2.75 billion for the quarter. On average, equities research analysts anticipate that Sandvik AB will post 1.13 earnings per share for the current year.

Sandvik AB (publ) Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 26th will be issued a dividend of $0.669 per share. This represents a yield of 6.7%. The ex-dividend date of this dividend is Friday, September 23rd. Sandvik AB (publ)’s dividend payout ratio is presently 27.94%.

Institutional Trading of Sandvik AB (publ)

A number of institutional investors have recently bought and sold shares of SDVKY. Fisher Asset Management LLC boosted its position in Sandvik AB (publ) by 15.1% during the first quarter. Fisher Asset Management LLC now owns 9,565,163 shares of the industrial products company’s stock worth $206,301,000 after purchasing an additional 1,253,749 shares in the last quarter. Captrust Financial Advisors boosted its position in Sandvik AB (publ) by 15.6% during the second quarter. Captrust Financial Advisors now owns 8,385 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Mitchell Capital Management Co. boosted its position in Sandvik AB (publ) by 4.2% during the first quarter. Mitchell Capital Management Co. now owns 18,235 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 728 shares in the last quarter.

Sandvik AB (publ) Company Profile

(Get Rating)

Sandvik AB (publ) operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company offers mining and rock solutions, including drill rigs, underground loaders and trucks, rock drills and other tools, and parts and services, as well as digital and sustainability solutions; and rock processing applications, which include crushing, screening, feeding, breaking, demolition, and recycling.

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