Mondrian Investment Partners LTD Purchases 435 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mondrian Investment Partners LTD increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,855 shares of the industrial products company’s stock after buying an additional 435 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Stanley Black & Decker were worth $628,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SWK. AlphaMark Advisors LLC bought a new position in shares of Stanley Black & Decker during the second quarter valued at about $32,000. Quarry LP purchased a new position in Stanley Black & Decker during the fourth quarter valued at approximately $36,000. Principal Securities Inc. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth $38,000. Brown Brothers Harriman & Co. raised its holdings in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 140 shares in the last quarter. Finally, Fairman Group LLC purchased a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $50,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SWK. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Barclays increased their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, Robert W. Baird upped their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.75.

Stanley Black & Decker Stock Up 0.5 %

Shares of SWK stock opened at $103.08 on Wednesday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of -149.39, a PEG ratio of 2.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The company’s fifty day moving average price is $95.96 and its 200-day moving average price is $91.00. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.82 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is presently -475.36%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.