Choreo LLC Takes $437,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Choreo LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,558 shares of the industrial products company’s stock, valued at approximately $437,000.

Several other large investors have also modified their holdings of SWK. Principal Securities Inc. acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $38,000. Dimensional Fund Advisors LP boosted its holdings in shares of Stanley Black & Decker by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company’s stock valued at $137,094,000 after buying an additional 16,983 shares in the last quarter. ING Groep NV boosted its holdings in shares of Stanley Black & Decker by 1,927.7% in the 4th quarter. ING Groep NV now owns 10,889 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 10,352 shares in the last quarter. Norges Bank purchased a new stake in Stanley Black & Decker in the 4th quarter valued at $133,952,000. Finally, PNC Financial Services Group Inc. raised its position in Stanley Black & Decker by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 32,273 shares of the industrial products company’s stock valued at $3,166,000 after purchasing an additional 2,395 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upped 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. Barclays upped their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of 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 assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.75.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $101.35 on Monday. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.15. The stock has a market capitalization of $15.60 billion, a P/E ratio of -146.88, a P/E/G ratio of 2.58 and a beta of 1.24. The firm’s 50-day moving average is $95.09 and its two-hundred day moving average is $90.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm posted ($0.11) EPS. The company’s revenue was down 3.2% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared 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 is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.24%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -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.