Rhumbline Advisers Acquires 3,607 Shares of Sandvik AB (publ) (OTCMKTS:SDVKY)

Rhumbline Advisers boosted its stake in shares of Sandvik AB (publ) (OTCMKTS:SDVKY) by 12.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,707 shares of the industrial products company’s stock after buying an additional 3,607 shares during the period. Rhumbline Advisers’ holdings in Sandvik AB (publ) were worth $585,000 as of its most recent filing with the SEC.

Sandvik AB (publ) Price Performance

OTCMKTS SDVKY opened at $23.46 on Friday. The firm’s 50 day moving average is $20.44 and its 200-day moving average is $20.06. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $29.43 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.00 and a beta of 1.47. Sandvik AB has a 12-month low of $17.76 and a 12-month high of $23.50.

Sandvik AB (publ) (OTCMKTS:SDVKY) last issued its quarterly earnings results on Thursday, January 23rd. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Sandvik AB (publ) had a net margin of 9.92% and a return on equity of 16.07%. Equities research analysts anticipate that Sandvik AB will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Sandvik AB (publ) from an “underperform” rating to a “market perform” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sandvik AB (publ) Profile

Sandvik AB (publ), an engineering company, provides products and solutions for mining and rock excavation, metal cutting, and materials technology worldwide. The company offers mining and rock excavation equipment, including drill rigs and bolters, underground loaders and trucks, mechanical cutting equipment, rock tools and rock drills, and mining automation; rock processing equipment, such as crushers, screens, hydraulic breakers, demolition tools, and breaker booms.