Dimensional Fund Advisors LP Buys 267,013 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,682,585 shares of the industrial products company’s stock after purchasing an additional 267,013 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.09% of Stanley Black & Decker worth $134,444,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWK. Sei Investments Co. lifted its position in Stanley Black & Decker by 11.0% during the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock worth $13,454,000 after acquiring an additional 13,659 shares during the last quarter. First Financial Bankshares Inc bought a new stake in Stanley Black & Decker in the 4th quarter valued at $6,161,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in Stanley Black & Decker by 6.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after buying an additional 297 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in Stanley Black & Decker by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock worth $11,920,000 after buying an additional 7,826 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Stanley Black & Decker by 196.9% during the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock worth $10,429,000 after buying an additional 70,625 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. UBS Group upped their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. 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 company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.75.

Insider Buying and Selling at Stanley Black & Decker

In other 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 transaction, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Down 1.0 %

Shares of NYSE SWK opened at $106.93 on Friday. The company has a market cap of $16.45 billion, a price-to-earnings ratio of -154.97, a PEG ratio of 2.70 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.37. The stock has a 50-day moving average price of $97.19 and a two-hundred day moving average price of $91.35.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating 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 negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.07%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is currently -475.36%.

Stanley Black & Decker Profile

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.