Mondrian Investment Partners LTD Purchases 435 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mondrian Investment Partners LTD lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,855 shares of the industrial products company’s stock after acquiring an additional 435 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Stanley Black & Decker were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SWK. Price T Rowe Associates Inc. MD lifted its holdings 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 purchasing an additional 1,250,925 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Stanley Black & Decker by 8.4% in 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 purchasing an additional 212,103 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 18.9% in 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. Cooke & Bieler LP increased 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 purchasing an additional 69,850 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $133,952,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on SWK. Wells Fargo & Company increased their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. UBS Group increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird raised their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. One investment 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Stock Up 0.5 %

SWK opened at $103.08 on Wednesday. The business has a 50 day moving average price of $95.96 and a two-hundred day moving average price of $91.00. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $108.15. The company has a market cap of $15.86 billion, a PE ratio of -149.39, a P/E/G ratio of 2.58 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data 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 firm had revenue of $4.02 billion for 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 firm’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) earnings per share. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.82 dividend. The ex-dividend date was Tuesday, September 3rd. 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 3.18%. Stanley Black & Decker’s payout ratio is currently -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.