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

AE Wealth Management LLC raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,324 shares of the industrial products company’s stock after purchasing an additional 327 shares during the period. AE Wealth Management LLC’s holdings in Stanley Black & Decker were worth $266,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bridges Investment Management Inc. purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth $733,000. Canada Pension Plan Investment Board raised its holdings in shares of Stanley Black & Decker by 1,051.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 32,232 shares of the industrial products company’s stock worth $2,575,000 after purchasing an additional 29,432 shares during the period. XTX Topco Ltd acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $382,000. Seven Eight Capital LP acquired a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $1,181,000. Finally, Mondrian Investment Partners LTD raised its holdings in Stanley Black & Decker by 5.9% in the second quarter. Mondrian Investment Partners LTD now owns 7,855 shares of the industrial products company’s stock valued at $628,000 after buying an additional 435 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of several research reports. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. UBS Group raised their price objective 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. Robert W. Baird increased 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. Wells Fargo & Company boosted their price target on 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. Finally, The Goldman Sachs Group lifted 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. One equities research 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. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Stock Up 1.3 %

SWK stock opened at $109.72 on Friday. The company has a market capitalization of $16.89 billion, a P/E ratio of -160.17, a PEG ratio of 2.83 and a beta of 1.24. The firm has a 50 day simple moving average of $98.69 and a 200-day simple moving average of $91.80. 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, Inc. has a twelve month low of $76.26 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, equities 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 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%.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker 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 transaction, 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 Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by corporate 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.