10,915 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 10,915 shares of the industrial products company’s stock, valued at approximately $872,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in Stanley Black & Decker by 0.8% during 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 buying an additional 100 shares in the last quarter. Czech National Bank raised 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. lifted its position 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 worth $49,000 after purchasing an additional 140 shares in the last quarter. Rockland Trust Co. grew its stake in shares of Stanley Black & Decker by 1.5% during the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 157 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Stanley Black & Decker by 3.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SWK. Robert W. Baird increased their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley started coverage on Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. Barclays upped their target price on shares of 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. JPMorgan Chase & Co. lifted their price target 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. Finally, Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $109.40 on Wednesday. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of -158.55, a P/E/G ratio of 2.89 and a beta of 1.24. The firm’s 50 day simple moving average is $100.02 and its 200 day simple moving average is $92.22. 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 $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm posted ($0.11) earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current 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 given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) 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.