Miller Financial Services LLC Increases Holdings in Stanley Black & Decker, Inc. $SWK

Miller Financial Services LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 69.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,043 shares of the industrial products company’s stock after purchasing an additional 3,700 shares during the quarter. Miller Financial Services LLC’s holdings in Stanley Black & Decker were worth $613,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Stanley Black & Decker by 30.2% during the first quarter. Envestnet Asset Management Inc. now owns 85,069 shares of the industrial products company’s stock worth $6,540,000 after purchasing an additional 19,748 shares during the period. Victory Capital Management Inc. increased its stake in Stanley Black & Decker by 173.3% during the first quarter. Victory Capital Management Inc. now owns 241,493 shares of the industrial products company’s stock worth $18,566,000 after acquiring an additional 153,147 shares during the last quarter. Private Advisor Group LLC raised its position in Stanley Black & Decker by 2.1% in the first quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company’s stock valued at $1,110,000 after purchasing an additional 292 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Stanley Black & Decker by 4.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,897 shares of the industrial products company’s stock valued at $915,000 after purchasing an additional 481 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Stanley Black & Decker by 25.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 164,848 shares of the industrial products company’s stock worth $12,674,000 after purchasing an additional 33,438 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.0%

NYSE:SWK opened at $62.19 on Thursday. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.63. The firm has a market cap of $9.63 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $70.90 and a 200 day moving average price of $70.19.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.72 billion for the quarter. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is currently 114.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SWK shares. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Morgan Stanley reiterated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Finally, UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.