Vest Financial LLC Purchases 95,050 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Vest Financial LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 24.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 485,832 shares of the industrial products company’s stock after purchasing an additional 95,050 shares during the quarter. Vest Financial LLC’s holdings in Stanley Black & Decker were worth $38,813,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SWK. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $133,952,000. Price T Rowe Associates Inc. MD boosted its position in shares of Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after acquiring an additional 1,250,925 shares during the period. Kodai Capital Management LP acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $32,679,000. Sabal Trust CO bought a new position in Stanley Black & Decker during the second quarter worth $19,878,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Stanley Black & Decker during the 4th quarter valued at $12,992,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SWK has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price 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. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price for the company. Finally, Robert W. Baird upped 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. 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’s stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $101.75.

Insider Activity

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

Stanley Black & Decker Stock Up 1.1 %

SWK stock opened at $97.66 on Thursday. The business’s fifty day moving average price is $94.30 and its two-hundred day moving average price is $90.62. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of -141.54, a PEG ratio of 2.59 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $108.15. 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 (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The business 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% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.82 per share. 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 3.36%. The ex-dividend date is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

Stanley Black & Decker 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.