Vanguard Group Inc. Grows Stake in Stanley Black & Decker, Inc. $SWK

Vanguard Group Inc. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,663,999 shares of the industrial products company’s stock after buying an additional 91,016 shares during the period. Vanguard Group Inc. owned 12.06% of Stanley Black & Decker worth $1,264,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 1248 Management LLC bought a new position in Stanley Black & Decker in the 1st quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new position in shares of Stanley Black & Decker during the second quarter worth about $25,000. Garde Capital Inc. increased its position in shares of Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Stanley Black & Decker by 87.5% in the second quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 272 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Stanley Black & Decker by 63.6% during the second quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SWK. Barclays decreased their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. UBS Group increased their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. The Goldman Sachs Group restated a “neutral” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Price Performance

SWK stock opened at $66.14 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $10.24 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.46 and a beta of 1.21. The firm’s fifty day moving average is $70.33 and its 200 day moving average is $70.25. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.63.

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. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is 114.88%.

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.