Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,316 shares of the industrial products company’s stock after acquiring an additional 153 shares during the quarter. Copperwynd Financial LLC’s holdings in Stanley Black & Decker were worth $185,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares during the period. Kodai Capital Management LP purchased a new position in Stanley Black & Decker in the 4th quarter valued at about $32,679,000. Dimensional Fund Advisors LP grew its stake 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 valued at $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Sabal Trust CO purchased a new stake in shares of Stanley Black & Decker during the second quarter worth about $19,878,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 8.4% in 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 acquiring 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 Up 1.3 %

SWK opened at $109.72 on Monday. The stock’s 50 day moving average price is $99.14 and its 200 day moving average price is $91.92. 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 stock has a market cap of $16.89 billion, a P/E ratio of -159.01, a P/E/G ratio of 2.83 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $110.88.

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 for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion for 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 company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed 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 of this dividend was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 2.99%. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Analyst Ratings Changes

Several research firms have issued reports on SWK. Morgan Stanley began coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Wells Fargo & Company lifted 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 research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. UBS Group upped their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays boosted their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. One investment 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 company has a consensus rating of “Hold” and an average target price of $101.75.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

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.