Stanley Black & Decker, Inc. $SWK Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,084 shares of the industrial products company’s stock after acquiring an additional 6,937 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Stanley Black & Decker worth $6,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vest Financial LLC lifted its position in shares of Stanley Black & Decker by 46.4% during the 2nd quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after purchasing an additional 286,331 shares during the last quarter. ProShare Advisors LLC raised its stake in Stanley Black & Decker by 38.8% in the second quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after buying an additional 761,191 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth about $10,128,000. Rempart Asset Management Inc. boosted its position in shares of Stanley Black & Decker by 22.5% during the 2nd quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock worth $10,617,000 after acquiring an additional 28,826 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Stanley Black & Decker by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock valued at $268,110,000 after acquiring an additional 65,327 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.5%

Shares of NYSE:SWK opened at $71.51 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $91.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock has a market cap of $11.08 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.46 and a beta of 1.21. The firm has a fifty day moving average price of $69.58 and a 200 day moving average price of $70.42.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SWK shares. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. UBS Group lifted 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 note on Thursday, November 6th. Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company cut their target price on 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. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.10.

About Stanley Black & Decker

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.