Ameriprise Financial Inc. Raises Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Ameriprise Financial Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 20.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,702,996 shares of the industrial products company’s stock after purchasing an additional 461,181 shares during the period. Ameriprise Financial Inc. owned approximately 1.77% of Stanley Black & Decker worth $217,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SWK. Panagora Asset Management Inc. grew its position in Stanley Black & Decker by 3.5% during the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after buying an additional 96 shares during the period. Kinneret Advisory LLC grew its position in Stanley Black & Decker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. grew its position in Stanley Black & Decker by 15.4% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock valued at $106,000 after buying an additional 102 shares during the period. Cetera Investment Advisers grew its position in Stanley Black & Decker by 4.5% during the first quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after buying an additional 112 shares during the period. Finally, Cetera Advisor Networks LLC grew its position in Stanley Black & Decker by 4.0% during the first quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock valued at $503,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $87.98 on Friday. The firm has a market capitalization of $13.48 billion, a PE ratio of 17.32, a PEG ratio of 5.75 and a beta of 1.37. Stanley Black & Decker, Inc. has a twelve month low of $70.24 and a twelve month high of $104.21. The firm’s 50-day moving average price is $94.52 and its 200 day moving average price is $86.68. The company has a current ratio of 1.28, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.25. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.14 billion. Stanley Black & Decker had a net margin of 4.84% and a return on equity of 0.26%. Stanley Black & Decker’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 1 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.81 per share. The ex-dividend date is Friday, September 1st. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.80. This represents a $3.24 dividend on an annualized basis and a yield of 3.68%. Stanley Black & Decker’s payout ratio is 63.78%.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 3,081 shares of Stanley Black & Decker stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $98.76, for a total transaction of $304,279.56. Following the transaction, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at $3,228,464.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Mizuho raised their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Citigroup lifted their target price on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Wolfe Research lowered shares of Stanley Black & Decker from a “peer perform” rating to an “underperform” rating and set a $94.00 target price on the stock. in a research report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $97.36.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.