Osaic Holdings Inc. Increases Position in Stanley Black & Decker, Inc. $SWK

Osaic Holdings Inc. increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 48.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,816 shares of the industrial products company’s stock after acquiring an additional 14,550 shares during the period. Osaic Holdings Inc.’s holdings in Stanley Black & Decker were worth $3,038,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vest Financial LLC increased its holdings in Stanley Black & Decker by 46.4% during the second quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after buying an additional 286,331 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Stanley Black & Decker by 773.1% during the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock valued at $3,610,000 after acquiring an additional 47,176 shares during the period. ProShare Advisors LLC increased its stake in shares of Stanley Black & Decker by 38.8% during the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after purchasing an additional 761,191 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Stanley Black & Decker in the second quarter valued at approximately $10,128,000. Finally, Rempart Asset Management Inc. grew its holdings in Stanley Black & Decker by 22.5% during the second quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock valued at $10,617,000 after purchasing an additional 28,826 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $75.40 on Friday. The company has a 50 day moving average of $70.33 and a 200 day moving average of $71.27. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The stock has a market cap 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 12 month low of $53.91 and a 12 month high of $91.06.

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. The firm had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SWK. UBS Group upped their price target on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Morgan Stanley set a $88.00 target price on shares of Stanley Black & Decker in a research note on Monday. Wells Fargo & Company lowered their price target 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. Finally, Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday. Five 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.com, the company presently has an average rating of “Hold” and a consensus price target of $87.33.

Stanley Black & Decker Profile

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.