Osaic Holdings Inc. Purchases 14,550 Shares of Stanley Black & Decker, Inc. $SWK

Osaic Holdings Inc. raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,816 shares of the industrial products company’s stock after acquiring an additional 14,550 shares during the quarter. Osaic Holdings Inc.’s holdings in Stanley Black & Decker were worth $3,038,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SWK. 1248 Management LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new position in Stanley Black & Decker in the second quarter valued at approximately $25,000. Chapman Financial Group LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at $28,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $31,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $75.40 on Friday. The firm has a market capitalization of $11.68 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.12 and a beta of 1.20. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The stock has a 50 day moving average price of $70.33 and a two-hundred day moving average price of $71.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11.

Stanley Black & Decker (NYSE:SWK) last announced 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 return on equity of 8.10% and a net margin of 2.89%.The company had revenue of $3.72 billion for the quarter. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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

Analyst Ratings Changes

SWK has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. UBS Group raised their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Robert W. Baird upped their price target on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $87.33.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.