2 weeks Ago By ABMN Staff
Mercer Global Advisors Inc. ADV decreased its holdings in shares of Stanley Black & Decker, Inc. ( NYSE:SWK – Free Report ) by 10.
1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,920 shares of the industrial products company’s stock after selling 664 shares during the period.
Mercer Global Advisors Inc. ADV’s holdings in Stanley Black & Decker were worth $473,000 at the end of the most recent quarter. Several other hedge funds have also made changes to their positions in SWK.
Oregon Public Employees Retirement Fund boosted its holdings in Stanley Black & Decker by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after acquiring an additional 100 shares during the last quarter.
Czech National Bank raised its position in Stanley Black & Decker by 0.5% in the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the period.
Brown Brothers Harriman & Co. raised its position in Stanley Black & Decker by 39.3% in the fourth quarter.
Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares during the period. Rockland Trust Co.
raised its position in Stanley Black & Decker by 1.5% in the second quarter. Rockland Trust Co.
now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 157 shares during the period. Finally, Empirical Finance LLC raised its position in Stanley Black & Decker by 3.5% in the first quarter.
Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on SWK shares. Morgan Stanley started coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.
00 target price on the stock. Robert W. Baird lifted their target price on Stanley Black & Decker from $78.
00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $82.
00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Barclays lifted their target price on Stanley Black & Decker from $86.
00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, UBS Group lifted their target price on Stanley Black & Decker from $110.
00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock.
Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $101.75. Stanley Black & Decker Stock Performance Shares of SWK stock opened at $109.
72 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.
27 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $99.
14 and a two-hundred day moving average of $91.92. Stanley Black & Decker, Inc.
has a 52 week low of $76.26 and a 52 week high of $110.88.
The company has a market cap of $16.89 billion, a P/E ratio of -159.01, a PEG ratio of 2.
83 and a beta of 1.24. Stanley Black & Decker ( NYSE:SWK – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th.
The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.
25. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.
02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.
87%. The business’s revenue was down 3.2% on a year-over-year basis.
During the same period in the previous year, the firm posted ($0.11) earnings per share. As a group, analysts anticipate that Stanley Black & Decker, Inc.
will post 4.22 EPS for the current year. Stanley Black & Decker Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th.
Shareholders of record on Tuesday, September 3rd were given a $0.82 dividend. This represents a $3.
28 dividend on an annualized basis and a yield of 2.99%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.
81. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is -475.
36%. Insiders Place Their Bets In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.
91, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.
50% of the stock is currently owned by insiders. Stanley Black & Decker Company Profile ( Free Report ) 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.
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