Legacy Financial Advisors Inc. Takes $306,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Legacy Financial Advisors Inc. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,826 shares of the industrial products company’s stock, valued at approximately $306,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. lifted its position in Stanley Black & Decker by 20.9% in the 2nd quarter. Sei Investments Co. now owns 166,042 shares of the industrial products company’s stock valued at $13,265,000 after acquiring an additional 28,657 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Stanley Black & Decker by 10.9% in the second quarter. AE Wealth Management LLC now owns 3,324 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 327 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in shares of Stanley Black & Decker during the second quarter worth about $733,000. Canada Pension Plan Investment Board raised its position in Stanley Black & Decker by 1,051.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 32,232 shares of the industrial products company’s stock valued at $2,575,000 after buying an additional 29,432 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $382,000. Institutional investors own 87.77% 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 market cap of $16.45 billion, a P/E ratio of -154.97, a PEG ratio of 2.70 and a beta of 1.24. The stock has a 50 day simple moving average of $97.19 and a two-hundred day simple moving average of $91.35. 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, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $108.37.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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 analysts’ expectations 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 business’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Research analysts forecast that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared 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. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -475.36%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SWK. Barclays raised their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Morgan Stanley started coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. 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 research note on Wednesday, July 31st. UBS Group lifted 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, Robert W. Baird increased their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $101.75.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction on 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 directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Company 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.