Vontobel Holding Ltd. Increases Stock Holdings in Stanley Black & Decker, Inc. $SWK

Vontobel Holding Ltd. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 20.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,421 shares of the industrial products company’s stock after acquiring an additional 927 shares during the quarter. Vontobel Holding Ltd.’s holdings in Stanley Black & Decker were worth $367,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after purchasing an additional 1,326,113 shares during the period. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker during the first quarter worth $72,063,000. Clean Energy Transition LLP lifted its holdings in shares of Stanley Black & Decker by 85.2% during the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company’s stock worth $105,590,000 after purchasing an additional 632,029 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock valued at $201,497,000 after acquiring an additional 601,667 shares during the period. Finally, Wilsey Asset Management Inc. acquired a new stake in Stanley Black & Decker in the second quarter valued at $34,293,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK opened at $67.05 on Wednesday. The company’s 50 day simple moving average is $74.11 and its 200 day simple moving average is $68.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $109.91. The stock has a market capitalization of $10.38 billion, a PE ratio of 21.29, a P/E/G ratio of 1.35 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion for the quarter. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.83 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker’s dividend payout ratio is 105.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird raised their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Wall Street Zen raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.