Baird Financial Group Inc. Purchases 47,176 Shares of Stanley Black & Decker, Inc. $SWK

Baird Financial Group Inc. grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 773.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,278 shares of the industrial products company’s stock after buying an additional 47,176 shares during the period. Baird Financial Group Inc.’s holdings in Stanley Black & Decker were worth $3,610,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SWK. First Trust Advisors LP boosted its stake in Stanley Black & Decker by 73.6% during the second quarter. First Trust Advisors LP now owns 414,512 shares of the industrial products company’s stock worth $28,083,000 after acquiring an additional 175,756 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 4.4% during the second quarter. Kennedy Capital Management LLC now owns 95,770 shares of the industrial products company’s stock valued at $6,488,000 after purchasing an additional 4,066 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Stanley Black & Decker by 53.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 989 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 345 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $249,000. Finally, Blueshift Asset Management LLC bought a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $1,173,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $75.82 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $69.27 and a 200-day moving average price of $70.59. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The firm has a market capitalization of $11.74 billion, a PE ratio of 26.23, a P/E/G ratio of 2.04 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker’s payout ratio is presently 114.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley restated a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. UBS Group lifted their target price on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Six equities research 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.com, the company currently has a consensus rating of “Hold” and a consensus 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.