Arrowstreet Capital Limited Partnership Raises Holdings in Stanley Black & Decker, Inc. $SWK

Arrowstreet Capital Limited Partnership increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 703,753 shares of the industrial products company’s stock after purchasing an additional 84,578 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Stanley Black & Decker were worth $47,679,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SWK. Schroder Investment Management Group raised its holdings in shares of Stanley Black & Decker by 129.5% in the second quarter. Schroder Investment Management Group now owns 1,753,050 shares of the industrial products company’s stock worth $118,769,000 after acquiring an additional 989,032 shares during the last quarter. Norges Bank purchased a new stake in Stanley Black & Decker during the 2nd quarter worth about $107,111,000. WealthTrust Axiom LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth about $263,000. Kiltearn Partners LLP raised its stake in Stanley Black & Decker by 23.0% in the 2nd quarter. Kiltearn Partners LLP now owns 197,900 shares of the industrial products company’s stock valued at $13,408,000 after purchasing an additional 37,000 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Stanley Black & Decker by 56.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,055 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 1,824 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $72.35 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.11 and a quick ratio of 0.35. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $91.06. The business’s 50-day simple moving average is $69.30 and its 200-day simple moving average is $70.44. The firm has a market capitalization of $11.21 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.05 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 EPS for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The business had revenue of $3.72 billion for the quarter. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is presently 114.88%.

Analyst Ratings Changes

A number of brokerages have recently commented on SWK. UBS Group lifted their price target 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. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Morgan Stanley restated a “positive” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker 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.