Cascade Investment Advisors Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,810 shares of the industrial products company’s stock, valued at approximately $1,200,000.
Several other institutional investors and hedge funds also recently made changes to their positions in SWK. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 17.5% in the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock worth $2,603,393,000 after purchasing an additional 2,774,661 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Stanley Black & Decker by 21.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,727,694 shares of the industrial products company’s stock worth $1,267,339,000 after buying an additional 2,789,383 shares during the period. State Street Corp raised its stake in Stanley Black & Decker by 8.0% during the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock worth $949,648,000 after buying an additional 874,617 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Stanley Black & Decker by 113,894.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock worth $360,943,000 after acquiring an additional 4,800,671 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Stanley Black & Decker by 18.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,620,591 shares of the industrial products company’s stock worth $291,747,000 after acquiring an additional 561,392 shares in the last quarter. Institutional investors and hedge funds own 90.47% of the company’s stock.
Stanley Black & Decker Trading Down 2.0 %
Shares of SWK traded down $1.64 during trading hours on Tuesday, reaching $79.08. 607,579 shares of the company traded hands, compared to its average volume of 1,636,025. Stanley Black & Decker, Inc. has a 12 month low of $70.24 and a 12 month high of $104.21. The company has a quick ratio of 0.42, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average price is $91.66 and its two-hundred day moving average price is $86.85. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 7.08 and a beta of 1.38.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.25. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post 1.03 earnings per share for the current fiscal year.
Stanley Black & Decker Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, September 1st. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.80. Stanley Black & Decker’s dividend payout ratio (DPR) is 63.78%.
Insiders Place Their Bets
In related news, SVP Janet Link sold 3,081 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the completion of the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at approximately $3,228,464.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on SWK shares. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. UBS Group raised their target price on Stanley Black & Decker from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. Mizuho increased their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Finally, Citigroup increased their target price on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $97.36.
View Our Latest Analysis on SWK
About Stanley Black & Decker
(Free Report)
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
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