Amalgamated Bank Buys 7,883 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Amalgamated Bank grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,942 shares of the industrial products company’s stock after acquiring an additional 7,883 shares during the quarter. Amalgamated Bank’s holdings in Stanley Black & Decker were worth $3,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Stanley Black & Decker by 14.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 113,910 shares of the industrial products company’s stock valued at $9,100,000 after buying an additional 14,380 shares during the period. Virtu Financial LLC acquired a new position in Stanley Black & Decker in the second quarter valued at about $1,755,000. Dimensional Fund Advisors LP raised 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 during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Stanley Black & Decker by 8.4% during the 2nd 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. Finally, Bcwm LLC grew its position in shares of Stanley Black & Decker by 2.3% in the 2nd quarter. Bcwm LLC now owns 99,366 shares of the industrial products company’s stock valued at $7,938,000 after purchasing an additional 2,208 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 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 can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWK. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Morgan Stanley started coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price for the company. UBS Group boosted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Stock Up 0.6 %

SWK stock opened at $107.53 on Tuesday. The company has a market cap of $16.55 billion, a price-to-earnings ratio of -155.84, a P/E/G ratio of 2.70 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $76.26 and a twelve month high of $108.37. The business has a 50 day moving average price of $97.60 and a two-hundred day moving average price of $91.47. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last posted 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 negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm posted ($0.11) earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS 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. Shareholders of record on Tuesday, September 3rd were paid a $0.82 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.05%. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

About Stanley Black & Decker

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.