Scientech Research LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Scientech Research LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,950 shares of the industrial products company’s stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SWK. Oregon Public Employees Retirement Fund boosted its holdings in Stanley Black & Decker by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after purchasing an additional 100 shares during the last quarter. Czech National Bank grew its holdings in Stanley Black & Decker by 0.5% during 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 period. Brown Brothers Harriman & Co. raised its position in 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. lifted its holdings in Stanley Black & Decker by 1.5% in the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 157 shares during the period. Finally, Empirical Finance LLC boosted its position in Stanley Black & Decker by 3.5% in the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $109.72 on Monday. The stock has a 50 day moving average of $99.14 and a two-hundred day moving average of $91.92. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $110.88. The firm has a market cap of $16.89 billion, a P/E ratio of -159.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.82 dividend. This is an increase 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 was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -475.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SWK. UBS Group lifted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Robert W. Baird lifted their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays increased their price target on 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. Finally, The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $101.75.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.