2,347 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,347 shares of the industrial products company’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Stanley Black & Decker by 7.3% during the first 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 buying an additional 1,250,925 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Stanley Black & Decker by 8.4% during 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 buying an additional 212,103 shares during the period. ProShare Advisors LLC boosted its position in shares of Stanley Black & Decker by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after buying an additional 118,927 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $134,444,000 after buying an additional 267,013 shares during the period. Finally, Cooke & Bieler LP boosted its position in shares of Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after buying an additional 69,850 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. UBS Group lifted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Barclays lifted their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.13.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction dated 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Down 0.7 %

Stanley Black & Decker stock opened at $106.35 on Thursday. Stanley Black & Decker, Inc. has a 1-year low of $76.57 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. The stock has a market cap of $16.37 billion, a PE ratio of -154.13, a P/E/G ratio of 2.84 and a beta of 1.24. The stock’s fifty day moving average is $102.34 and its two-hundred day moving average is $93.23.

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 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 for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned ($0.11) earnings per share. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

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.