Vanguard Group Inc. Sells 613,028 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Vanguard Group Inc. trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,572,983 shares of the industrial products company's stock after selling 613,028 shares during the period. Vanguard Group Inc. owned about 12.00% of Stanley Black & Decker worth $1,427,891,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Stanley Black & Decker by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock worth $1,478,454,000 after acquiring an additional 246,800 shares during the last quarter. Capital Research Global Investors grew its position in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after acquiring an additional 3,063,114 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after acquiring an additional 20,742 shares during the last quarter. Ameriprise Financial Inc. grew its position in Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after acquiring an additional 679,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Stanley Black & Decker by 15.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,019,460 shares of the industrial products company's stock worth $162,139,000 after acquiring an additional 277,352 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group dropped their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Stock Performance

NYSE:SWK traded down $0.43 during mid-day trading on Friday, hitting $73.99. 298,060 shares of the company traded hands, compared to its average volume of 2,401,410. The stock's fifty day moving average price is $69.36 and its 200-day moving average price is $72.09. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is currently 104.13%.

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.