Global X Japan Co. Ltd. Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Global X Japan Co. Ltd. lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,676 shares of the industrial products company’s stock after buying an additional 225 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Stanley Black & Decker were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWK. Oregon Public Employees Retirement Fund boosted its position in shares of Stanley Black & Decker by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after purchasing an additional 100 shares in the last quarter. Czech National Bank grew its stake in shares of Stanley Black & Decker by 0.5% in the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after acquiring an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 140 shares in the last quarter. Rockland Trust Co. boosted its stake in Stanley Black & Decker by 1.5% in the 2nd quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 157 shares in the last quarter. Finally, Empirical Finance LLC grew its position in Stanley Black & Decker by 3.5% during the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.0 %

Stanley Black & Decker stock opened at $96.19 on Tuesday. The stock has a market cap of $14.81 billion, a PE ratio of -139.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The stock has a fifty day moving average of $93.59 and a 200 day moving average of $90.52. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.17 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.82 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.41%. Stanley Black & Decker’s payout ratio is presently -475.36%.

Analysts Set New Price Targets

SWK has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research note on Friday. They issued an “equal weight” rating and a $107.00 target price on the stock. UBS Group increased their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Barclays increased their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.75.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.