Dimensional Fund Advisors LP Has $134.44 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Dimensional Fund Advisors LP grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 18.9% in the 2nd quarter, Holdings Channel reports. The firm owned 1,682,585 shares of the industrial products company’s stock after acquiring an additional 267,013 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Stanley Black & Decker were worth $134,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. Price T Rowe Associates Inc. MD raised its stake in Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after buying an additional 1,250,925 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 8.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after acquiring an additional 212,103 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of Stanley Black & Decker by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after purchasing an additional 69,850 shares during the period. Schroder Investment Management Group grew its stake in Stanley Black & Decker by 1.4% during the fourth quarter. Schroder Investment Management Group now owns 980,833 shares of the industrial products company’s stock worth $96,220,000 after purchasing an additional 13,557 shares during the period. Finally, Vest Financial LLC increased its holdings in Stanley Black & Decker by 24.3% in the second quarter. Vest Financial LLC now owns 485,832 shares of the industrial products company’s stock worth $38,813,000 after purchasing an additional 95,050 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.0 %

SWK opened at $106.93 on Friday. The firm has a market capitalization of $16.45 billion, a PE ratio of -154.97, a P/E/G ratio of 2.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $108.37. The company’s 50-day moving average is $97.19 and its 200 day moving average is $91.35.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) earnings per share. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -475.36%.

Analyst Ratings Changes

Several analysts have recently commented on SWK shares. Barclays raised their price objective on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $101.75.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, August 1st. The shares were 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 owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Stanley Black & Decker 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.