Prairie Sky Financial Group LLC Purchases New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Prairie Sky Financial Group LLC acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,050 shares of the industrial products company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Stanley Black & Decker by 7.3% during the 1st 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 buying an additional 1,250,925 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares during the last quarter. Sabal Trust CO bought a new position in Stanley Black & Decker during the second quarter worth about $19,878,000. Massachusetts Financial Services Co. MA increased its stake in shares of Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Stanley Black & Decker by 161.6% in the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after purchasing an additional 137,058 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $108.85 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $101.85 and a 200-day moving average price of $93.08. The company has a market cap of $16.76 billion, a PE ratio of -56.11, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $76.57 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.18 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. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.01%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -169.07%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SWK shares. The Goldman Sachs Group lifted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Robert W. Baird raised their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.13.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

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.