Sei Investments Co. Has $13.27 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sei Investments Co. raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 20.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,042 shares of the industrial products company’s stock after acquiring an additional 28,657 shares during the period. Sei Investments Co. owned about 0.11% of Stanley Black & Decker worth $13,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC grew its position in shares of Stanley Black & Decker by 10.9% in the 2nd quarter. AE Wealth Management LLC now owns 3,324 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 327 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $733,000. Canada Pension Plan Investment Board increased its position in shares of Stanley Black & Decker by 1,051.1% during the second quarter. Canada Pension Plan Investment Board now owns 32,232 shares of the industrial products company’s stock worth $2,575,000 after acquiring an additional 29,432 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $382,000. Finally, Seven Eight Capital LP bought a new stake in Stanley Black & Decker in the 2nd quarter valued at $1,181,000. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SWK shares. Morgan Stanley started coverage on Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. JPMorgan Chase & Co. upped 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. Barclays lifted their price objective on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Wells Fargo & Company increased 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. Finally, Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One research 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, the stock currently has an average rating of “Hold” and a consensus price target of $101.75.

Insider Buying and Selling at Stanley Black & Decker

In related 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 owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $109.72 on Friday. The company has a market cap of $16.89 billion, a price-to-earnings ratio of -159.01, a PEG ratio of 2.83 and a beta of 1.24. 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 company’s fifty day simple moving average is $98.69 and its 200 day simple moving average is $91.80. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results 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. The company had revenue of $4.02 billion for 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%. Stanley Black & Decker’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.99%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is -475.36%.

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.