Engineers Gate Manager LP Boosts Holdings in Stanley Black & Decker, Inc. $SWK

Engineers Gate Manager LP increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 5,186.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 390,054 shares of the industrial products company’s stock after buying an additional 382,676 shares during the quarter. Engineers Gate Manager LP’s holdings in Stanley Black & Decker were worth $26,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Stanley Black & Decker in the 2nd quarter valued at about $107,111,000. Ameriprise Financial Inc. lifted its stake in shares of Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after acquiring an additional 1,326,113 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Stanley Black & Decker by 129.5% in the second quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company’s stock valued at $118,769,000 after purchasing an additional 989,032 shares during the last quarter. ProShare Advisors LLC grew its stake in Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock valued at $184,506,000 after purchasing an additional 761,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 29.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock worth $201,497,000 after purchasing an additional 601,667 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SWK shares. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Finally, UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Stock Down 1.1%

SWK stock opened at $75.68 on Friday. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.17 and a beta of 1.20. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $91.06. The firm has a fifty day moving average price of $69.32 and a two-hundred day moving average price of $70.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.