Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 81.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528 shares of the industrial products company’s stock after buying an additional 237 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $42,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWK. Price T Rowe Associates Inc. MD boosted its holdings in Stanley Black & Decker by 7.3% in the 1st 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 lifted its position in shares of Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after acquiring an additional 212,103 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Stanley Black & Decker by 6.4% in the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after acquiring an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWK. Wells Fargo & Company upped their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Barclays raised their target price on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.75.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the firm’s 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 completion of 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 SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Trading Up 1.3 %

Shares of Stanley Black & Decker stock opened at $109.72 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $110.88. 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 firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of -159.01, a PEG ratio of 2.83 and a beta of 1.24. The stock has a 50 day moving average of $99.14 and a 200 day moving average of $91.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the company earned ($0.11) EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.82 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

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.