Vanguard Personalized Indexing Management LLC Trims Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Vanguard Personalized Indexing Management LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 9.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,589 shares of the industrial products company’s stock after selling 994 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Stanley Black & Decker were worth $764,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after buying an additional 1,250,925 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 worth $218,399,000 after acquiring an additional 212,103 shares during the period. Dimensional Fund Advisors LP grew its holdings in 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 during the period. Cooke & Bieler LP increased its position in Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after purchasing an additional 69,850 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Schroder Investment Management Group now owns 980,833 shares of the industrial products company’s stock valued at $96,220,000 after purchasing an additional 13,557 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the topic of several research reports. Barclays increased their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. 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 note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $107.33 on Wednesday. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.37. 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 capitalization of $16.52 billion, a price-to-earnings ratio of -155.55, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. The firm’s fifty day moving average price is $97.95 and its 200 day moving average price is $91.58.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS 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 firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the business posted ($0.11) earnings per share. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a yield of 3.06%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Insiders Place Their Bets

In other 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 transaction of $1,404,863.20. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by company 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.