Baird Financial Group Inc. Boosts Holdings in Stanley Black & Decker, Inc. $SWK

Baird Financial Group Inc. raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 773.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allen Wealth Management LLC increased its stake in shares of Stanley Black & Decker by 0.9% in the 2nd quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock worth $1,264,000 after purchasing an additional 160 shares in the last quarter. Parallel Advisors LLC lifted its position in Stanley Black & Decker by 15.0% during the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 171 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Stanley Black & Decker by 2.4% during the second quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 172 shares during the period. RB Capital Management LLC increased its position in Stanley Black & Decker by 1.8% in the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock worth $764,000 after buying an additional 175 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Stanley Black & Decker by 3.7% in the second quarter. Forum Financial Management LP now owns 5,009 shares of the industrial products company’s stock worth $339,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. UBS Group increased their price objective on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company cut their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $75.82 on Thursday. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 2.04 and a beta of 1.20. The firm has a fifty day moving average price of $69.27 and a 200 day moving average price of $70.59. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $91.06. 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 quarterly 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. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 4.4%. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

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.