Scientech Research LLC Acquires Shares of 4,950 Stanley Black & Decker, Inc. (NYSE:SWK)

Scientech Research LLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 modified their holdings of SWK. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Kodai Capital Management LP bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $32,679,000. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after buying an additional 267,013 shares in the last quarter. Sabal Trust CO bought a new stake in Stanley Black & Decker in the 2nd quarter worth approximately $19,878,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after acquiring an additional 212,103 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. UBS Group increased their price target 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. Barclays upped their price objective on 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. Finally, Robert W. Baird lifted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Stock Up 1.3 %

Shares of NYSE SWK opened at $109.72 on Monday. The company has a market cap of $16.89 billion, a P/E ratio of -159.01, a PEG ratio of 2.83 and a beta of 1.24. The firm has a 50-day simple moving average of $99.14 and a two-hundred day simple moving average of $91.92. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $110.88. 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 posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the business earned ($0.11) EPS. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -475.36%.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the SEC, which is accessible 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.