Schroder Investment Management Group Boosts Stock Holdings in Stanley Black & Decker, Inc. $SWK

Schroder Investment Management Group lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 129.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,753,050 shares of the industrial products company’s stock after purchasing an additional 989,032 shares during the period. Schroder Investment Management Group’s holdings in Stanley Black & Decker were worth $118,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vest Financial LLC lifted its position in shares of Stanley Black & Decker by 46.4% during the 2nd quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after buying an additional 286,331 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Stanley Black & Decker by 38.8% in 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 buying an additional 761,191 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth $10,128,000. Rempart Asset Management Inc. lifted its position in Stanley Black & Decker by 22.5% in the second quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock valued at $10,617,000 after acquiring an additional 28,826 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Stanley Black & Decker by 1.7% in the second quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock valued at $268,110,000 after acquiring an additional 65,327 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Stanley Black & Decker Stock Down 0.5%

SWK opened at $71.51 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The business has a 50 day moving average price of $69.58 and a two-hundred day moving average price of $70.42. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $11.08 billion, a PE ratio of 22.70, a P/E/G ratio of 1.46 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The business had revenue of $3.72 billion for the quarter. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be given a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.6%. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

About Stanley Black & Decker

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.