Private Advisor Group LLC Purchases New Shares in Stanley Black & Decker, Inc. (NYSE:SWK)

Private Advisor Group LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,691 shares of the industrial products company’s stock, valued at approximately $781,000.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Stanley Black & Decker by 71.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,938,311 shares of the industrial products company’s stock worth $971,926,000 after acquiring an additional 5,384,051 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Stanley Black & Decker by 113,894.9% during 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 buying an additional 4,800,671 shares during the period. Vanguard Group Inc. lifted its holdings in 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 valued at $2,603,393,000 after buying an additional 2,774,661 shares during the period. Norges Bank bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $78,260,000. Finally, Voya Investment Management LLC grew its holdings in Stanley Black & Decker by 1,147.1% during the 4th quarter. Voya Investment Management LLC now owns 634,357 shares of the industrial products company’s stock worth $47,653,000 after acquiring an additional 583,489 shares during the period. 90.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Stanley Black & Decker from $90.00 to $95.00 in a research note on Monday, July 10th. Robert W. Baird boosted their target price on Stanley Black & Decker from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Mizuho increased their target price 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, Morgan Stanley lifted their price target on shares of Stanley Black & Decker from $90.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.00.

Read Our Latest Report on Stanley Black & Decker

Stanley Black & Decker Stock Performance

NYSE SWK opened at $95.03 on Thursday. The firm has a market capitalization of $14.56 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 5.99 and a beta of 1.36. The firm’s fifty day moving average price is $94.41 and its two-hundred day moving average price is $86.39. Stanley Black & Decker, Inc. has a 1 year low of $70.24 and a 1 year high of $104.21. The company has a current ratio of 1.28, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

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 business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 1 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.81 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.80. The ex-dividend date is Friday, September 1st. This represents a $3.24 annualized dividend and a dividend yield of 3.41%. Stanley Black & Decker’s payout ratio is presently 62.99%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,081 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $98.76, for a total transaction of $304,279.56. Following the completion of the sale, the senior vice president now owns 32,690 shares in the company, valued at $3,228,464.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

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.