Brown Lisle Cummings Inc. Purchases 437 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Brown Lisle Cummings Inc. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,216 shares of the industrial products company’s stock after buying an additional 437 shares during the period. Brown Lisle Cummings Inc.’s holdings in Stanley Black & Decker were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $1,802,975,000 after acquiring an additional 1,250,925 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after buying an additional 267,013 shares in the last quarter. Sabal Trust CO bought a new stake in shares of Stanley Black & Decker during the second quarter valued at about $19,878,000. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 212,103 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Stanley Black & Decker by 161.6% in the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after acquiring an additional 137,058 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley started coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price for the company. Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $103.13.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $106.40 on Monday. The stock’s 50-day moving average is $102.78 and its 200 day moving average is $93.36. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of -54.85, a P/E/G ratio of 2.83 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $76.57 and a 1-year high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) EPS. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.08%. This is a positive change 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 (DPR) is presently -169.07%.

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.