Natixis Investment Managers International Buys 201 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Natixis Investment Managers International increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 20.7% in the second quarter, Holdings Channel reports. The institutional investor owned 1,173 shares of the industrial products company’s stock after buying an additional 201 shares during the period. Natixis Investment Managers International’s holdings in Stanley Black & Decker were worth $240,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Stanley Black & Decker by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,093,927 shares of the industrial products company’s stock worth $2,684,123,000 after buying an additional 151,057 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Stanley Black & Decker by 1.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,402,656 shares of the industrial products company’s stock valued at $1,478,088,000 after buying an additional 99,515 shares during the period. Amundi Asset Management US Inc. increased its stake in shares of Stanley Black & Decker by 4.9% in the first quarter. Amundi Asset Management US Inc. now owns 3,824,217 shares of the industrial products company’s stock valued at $763,580,000 after buying an additional 177,026 shares during the period. Geode Capital Management LLC increased its stake in shares of Stanley Black & Decker by 3.4% in the second quarter. Geode Capital Management LLC now owns 2,774,702 shares of the industrial products company’s stock valued at $567,163,000 after buying an additional 91,648 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Stanley Black & Decker by 1.2% in the second quarter. Franklin Resources Inc. now owns 2,293,486 shares of the industrial products company’s stock valued at $470,140,000 after buying an additional 28,132 shares during the period. Hedge funds and other institutional investors own 84.69% of the company’s stock.

SWK stock traded down $0.43 during midday trading on Thursday, reaching $173.30. 782,047 shares of the company’s stock traded hands, compared to its average volume of 1,108,255. The stock’s 50-day moving average is $187.45 and its 200 day moving average is $199.58. The company has a current ratio of 1.21, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. The stock has a market cap of $28.24 billion, a P/E ratio of 15.60, a PEG ratio of 1.31 and a beta of 1.42. Stanley Black & Decker, Inc. has a 52-week low of $161.80 and a 52-week high of $225.00.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 26th. The industrial products company reported $3.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.19. Stanley Black & Decker had a net margin of 10.80% and a return on equity of 20.65%. The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 38.7% on a year-over-year basis. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 11.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 21st. Stockholders of record on Tuesday, September 7th were paid a dividend of $0.79 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.70. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, September 3rd. Stanley Black & Decker’s payout ratio is currently 34.96%.

Several research analysts have issued reports on the company. G.Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, June 17th. Morgan Stanley dropped their price target on Stanley Black & Decker from $234.00 to $215.00 and set an “overweight” rating on the stock in a report on Thursday, October 7th. Vertical Research began coverage on shares of Stanley Black & Decker in a report on Friday, October 8th. They issued a “buy” rating and a $227.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Stanley Black & Decker in a research note on Thursday, October 7th. They issued an “overweight” rating and a $227.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, July 14th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $217.08.

Stanley Black & Decker Company Profile

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

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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