Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 24.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 485,832 shares of the industrial products company’s stock after buying an additional 95,050 shares during the quarter. Vest Financial LLC owned approximately 0.32% of Stanley Black & Decker worth $38,813,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SWK. Norges Bank purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $133,952,000. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after buying an additional 1,250,925 shares in the last quarter. Kodai Capital Management LP purchased a new position in Stanley Black & Decker during the fourth quarter worth $32,679,000. Sabal Trust CO purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at $19,878,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $12,992,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SWK. Morgan Stanley started coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Barclays upped their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Price Performance

Shares of SWK opened at $97.66 on Thursday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of -141.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The stock’s fifty day moving average is $94.30 and its 200-day moving average is $90.62. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15. 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 (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is presently -475.36%.

About Stanley Black & Decker

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.