9,170 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,170 shares of the industrial products company’s stock, valued at approximately $733,000.

Several other hedge funds have also recently made changes to their positions in SWK. Price T Rowe Associates Inc. MD raised its stake in shares of Stanley Black & Decker by 7.3% in the first 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 during the period. Kodai Capital Management LP bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $32,679,000. Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Sabal Trust CO purchased a new position in shares of Stanley Black & Decker in the second quarter valued at $19,878,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after purchasing an additional 212,103 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Trading Down 1.0 %

Shares of SWK stock opened at $106.93 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 price of $97.19 and a two-hundred day moving average price of $91.35. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.37. The firm has a market cap of $16.45 billion, a P/E ratio of -154.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24.

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, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 annualized dividend 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 -475.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SWK shares. Wells Fargo & Company lifted their price target on 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. Barclays lifted their price target on 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. The Goldman Sachs Group lifted their price target on 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 began 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 for the company. Finally, UBS Group boosted 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 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.75.

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.