Stanley Black & Decker, Inc. $SWK Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 38.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,723,331 shares of the industrial products company’s stock after buying an additional 761,191 shares during the period. ProShare Advisors LLC owned approximately 1.76% of Stanley Black & Decker worth $184,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in Stanley Black & Decker by 59.8% during 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Stanley Black & Decker by 0.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company’s stock worth $239,805,000 after buying an additional 20,742 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $201,497,000 after acquiring an additional 601,667 shares during the last quarter. Northern Trust Corp boosted its position in shares of Stanley Black & Decker by 9.2% in the first quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company’s stock worth $120,811,000 after acquiring an additional 132,509 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Stanley Black & Decker by 3.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock worth $104,224,000 after purchasing an additional 45,107 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. UBS Group increased their price target on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley reaffirmed a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Wells Fargo & Company dropped their target price on 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. Finally, Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Six investment 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. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $68.21 on Monday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.63. 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 business has a 50 day moving average of $72.47 and a two-hundred day moving average of $69.98. The company has a market cap of $10.56 billion, a P/E ratio of 21.65, a PEG ratio of 1.46 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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 during the quarter. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. Stanley Black & Decker’s dividend payout ratio is currently 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.