American Century Companies Inc. Has $1.04 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

American Century Companies Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,062 shares of the industrial products company’s stock after purchasing an additional 1,416 shares during the period. American Century Companies Inc.’s holdings in Stanley Black & Decker were worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth $32,000. Quarry LP acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $36,000. Brown Brothers Harriman & Co. grew its stake in shares of Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares during the last quarter. Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $50,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $52,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SWK. UBS Group raised their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Morgan Stanley started coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target on the stock. Finally, Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Stock Up 0.4 %

Shares of NYSE:SWK opened at $110.13 on Tuesday. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The company’s fifty day moving average is $99.59 and its 200-day moving average is $92.07. The company has a market capitalization of $16.95 billion, a PE ratio of -159.61, a P/E/G ratio of 2.83 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 2.98%. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Insider Buying and Selling

In related news, SVP Janet Link sold 13,520 shares of the company’s 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 transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

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.