DekaBank Deutsche Girozentrale Has $2.48 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

DekaBank Deutsche Girozentrale lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,445 shares of the industrial products company’s stock after purchasing an additional 4,658 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Stanley Black & Decker were worth $2,479,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SWK. Vest Financial LLC lifted its stake in shares of Stanley Black & Decker by 24.3% during the second quarter. Vest Financial LLC now owns 485,832 shares of the industrial products company’s stock valued at $38,813,000 after acquiring an additional 95,050 shares during the period. Qsemble Capital Management LP bought a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $420,000. American Century Companies Inc. grew its position in shares of Stanley Black & Decker by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 1,416 shares during the period. Vaughan David Investments LLC IL raised its stake in shares of Stanley Black & Decker by 0.8% during the second quarter. Vaughan David Investments LLC IL now owns 277,444 shares of the industrial products company’s stock worth $22,165,000 after buying an additional 2,216 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Stanley Black & Decker by 6.1% in the second quarter. Daiwa Securities Group Inc. now owns 23,612 shares of the industrial products company’s stock valued at $1,886,000 after buying an additional 1,355 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley started 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 target price for the company. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Wells Fargo & Company boosted their target price on 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. UBS Group lifted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their target price on shares of 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. One equities research 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. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $101.75.

Stanley Black & Decker Stock Up 1.9 %

Shares of SWK stock opened at $104.92 on Thursday. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.15. 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 firm has a fifty day moving average of $96.40 and a 200-day moving average of $91.09. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of -152.06, a P/E/G ratio of 2.58 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion for 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 company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, September 3rd. 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.