Blair William & Co. IL Has $1.33 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Blair William & Co. IL lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,642 shares of the industrial products company’s stock after selling 642 shares during the period. Blair William & Co. IL’s holdings in Stanley Black & Decker were worth $1,330,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Amalgamated Bank increased its stake in Stanley Black & Decker by 24.6% in the second quarter. Amalgamated Bank now owns 39,942 shares of the industrial products company’s stock valued at $3,191,000 after acquiring an additional 7,883 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Stanley Black & Decker by 14.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 113,910 shares of the industrial products company’s stock worth $9,100,000 after purchasing an additional 14,380 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth approximately $1,755,000. Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Stanley Black & Decker by 8.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $107.53 on Tuesday. The firm has a 50-day moving average of $97.60 and a 200-day moving average of $91.47. 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 has a market cap of $16.55 billion, a PE ratio of -155.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.37.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The company 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%. Stanley Black & Decker’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.82 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.05%. Stanley Black & Decker’s payout ratio is -475.36%.

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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in 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 company a “neutral” rating in a report on Wednesday, July 31st. UBS Group increased 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 report on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Barclays raised 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 report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. One investment 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, Stanley Black & Decker presently has an average 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.