United Capital Financial Advisors LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,266 shares of the industrial products company’s stock, valued at approximately $496,000.
Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its position in Stanley Black & Decker by 0.7% during the fourth quarter. Capital Research Global Investors now owns 12,856,517 shares of the industrial products company’s stock valued at $954,991,000 after buying an additional 88,402 shares during the period. BlackRock Inc. purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth about $1,006,417,000. Price T Rowe Associates Inc. MD grew its position in shares of Stanley Black & Decker by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,898,190 shares of the industrial products company’s stock valued at $735,239,000 after acquiring an additional 101,769 shares during the period. State Street Corp increased its stake in shares of Stanley Black & Decker by 2.3% in the 2nd quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after purchasing an additional 215,960 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Stanley Black & Decker by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after purchasing an additional 92,573 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Stanley Black & Decker Stock Performance
NYSE:SWK opened at $96.53 on Tuesday. The company has a market cap of $14.58 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.31 and a beta of 1.16. Stanley Black & Decker, Inc. has a twelve month low of $61.90 and a twelve month high of $104.68. The company’s 50-day moving average price is $94.65 and its 200-day moving average price is $83.71. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.
Stanley Black & Decker Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Tuesday, September 8th will be given a dividend of $0.84 per share. The ex-dividend date is Tuesday, September 8th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is 80.98%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Morgan Stanley set a $96.00 price target on Stanley Black & Decker in a research report on Monday, August 10th. Weiss Ratings raised Stanley Black & Decker from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.25.
Check Out Our Latest Research Report on SWK
Stanley Black & Decker Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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