The Manufacturers Life Insurance Company lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 303,037 shares of the industrial products company’s stock after acquiring an additional 20,756 shares during the quarter. The Manufacturers Life Insurance Company owned 0.20% of Stanley Black & Decker worth $24,210,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after acquiring an additional 267,013 shares during the period. Sabal Trust CO purchased a new stake in Stanley Black & Decker in the 2nd quarter worth approximately $19,878,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after purchasing an additional 212,103 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Stanley Black & Decker by 161.6% in the 2nd quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after purchasing an additional 137,058 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Insider Transactions at Stanley Black & Decker
In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.
Stanley Black & Decker Price Performance
NYSE:SWK opened at $109.40 on Wednesday. The stock has a 50 day moving average price of $100.02 and a 200 day moving average price of $92.22. The stock has a market cap of $16.84 billion, a PE ratio of -158.55, a P/E/G ratio of 2.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $110.88.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.
Stanley Black & Decker Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is -475.36%.
Analyst Upgrades and Downgrades
SWK has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. UBS Group boosted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $101.75.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.