ProShare Advisors LLC Acquires 118,927 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

ProShare Advisors LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,983,993 shares of the industrial products company’s stock after buying an additional 118,927 shares during the quarter. ProShare Advisors LLC owned approximately 1.29% of Stanley Black & Decker worth $158,501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWK. Oregon Public Employees Retirement Fund lifted its stake in shares of Stanley Black & Decker by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 100 shares during the period. Czech National Bank boosted its stake in shares of Stanley Black & Decker by 0.5% in the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after buying an additional 140 shares during the period. Rockland Trust Co. raised its stake in Stanley Black & Decker by 1.5% during the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock worth $849,000 after buying an additional 157 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Stanley Black & Decker by 3.5% during the first quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SWK has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird increased their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Morgan Stanley began 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 objective for the company. 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 report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Trading Down 1.0 %

SWK opened at $106.93 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $108.37. The firm has a market capitalization of $16.45 billion, a PE ratio of -154.97, a P/E/G ratio of 2.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The company’s 50-day moving average is $97.19 and its 200 day moving average is $91.35.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.82 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a dividend yield of 3.07%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

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.