Frank Rimerman Advisors LLC Buys New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Frank Rimerman Advisors LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, HoldingsChannel reports. The fund purchased 4,858 shares of the industrial products company’s stock, valued at approximately $388,000.

Several other institutional investors have also bought and sold shares of SWK. Quarry LP purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $36,000. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter worth approximately $32,000. 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 purchasing an additional 140 shares during the period. Fairman Group LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $50,000. Finally, Clarity Asset Management Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth approximately $52,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 0.2 %

Shares of NYSE SWK opened at $107.33 on Wednesday. The stock has a 50 day moving average price of $97.95 and a 200 day moving average price of $91.58. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.37. 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 posted its quarterly earnings results 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 business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS 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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the 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 sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays raised 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. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased 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 upped their target price 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. Finally, UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.75.

About Stanley Black & Decker

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.