Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Stanley Black & Decker by 3.5% in Q1, bringing its total shares to 1,109,064, valued at approximately $85.27 million.
• Stanley Black & Decker reported an EPS of $1.08 for the latest quarter, surpassing analysts' expectations, despite a year-over-year revenue decline of 6.2%.
• The company has announced a quarterly dividend of $0.83 per share, a slight increase from the previous dividend, reflecting a payout ratio of 104.13%.

Charles Schwab Investment Management Inc. boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,109,064 shares of the industrial products company's stock after buying an additional 37,966 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.72% of Stanley Black & Decker worth $85,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SWK. Vontobel Holding Ltd. boosted its holdings in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after acquiring an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Stanley Black & Decker by 0.7% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after acquiring an additional 174 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after acquiring an additional 174 shares in the last quarter. Allworth Financial LP raised its position in shares of Stanley Black & Decker by 9.2% in the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after acquiring an additional 195 shares in the last quarter. Finally, Coastline Trust Co raised its position in shares of Stanley Black & Decker by 5.0% in the 4th quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company's stock worth $336,000 after acquiring an additional 200 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Robert W. Baird upped their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group decreased their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Stock Performance

Shares of SWK traded down $0.35 during trading hours on Friday, reaching $74.07. 1,557,598 shares of the company traded hands, compared to its average volume of 2,150,106. The stock has a market capitalization of $11.47 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.64 and a beta of 1.16. The business has a fifty day moving average price of $69.52 and a 200-day moving average price of $71.88. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month 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.

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

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.83 dividend. 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. Stanley Black & Decker's payout ratio is 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.