Stanley Black & Decker, Inc. $SWK Holdings Boosted by Vest Financial LLC

Key Points

• Vest Financial LLC significantly increased its stake in Stanley Black & Decker by 46.4% during the second quarter, acquiring an additional 286,331 shares, which positions it as the company’s 24th largest holding.
• Stanley Black & Decker's stock has recently declined by 7.7%, with a current market value of approximately $64.37 per share, amidst a wide price range of $53.91 to $109.91 in the past 52 weeks.
• The company has raised its quarterly dividend from $0.82 to $0.83, yielding 5.2%, while maintaining a high dividend payout ratio of 105.40%.

Vest Financial LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 46.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,163 shares of the industrial products company's stock after purchasing an additional 286,331 shares during the quarter. Stanley Black & Decker makes up 0.9% of Vest Financial LLC's portfolio, making the stock its 24th largest holding. Vest Financial LLC owned about 0.58% of Stanley Black & Decker worth $61,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Allen Wealth Management LLC increased its position in Stanley Black & Decker by 0.9% in the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company's stock worth $1,264,000 after buying an additional 160 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Stanley Black & Decker by 3.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after acquiring an additional 165 shares during the period. Parallel Advisors LLC lifted its position in Stanley Black & Decker by 15.0% in the 2nd 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 174 shares during the period. Finally, RB Capital Management LLC grew its position in Stanley Black & Decker by 1.8% in the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock worth $764,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 7.7%

Shares of NYSE:SWK opened at $64.37 on Monday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $109.91. The company has a market cap of $9.96 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a 50 day simple moving average of $74.23 and a 200 day simple moving average of $69.09.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted 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 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion during the quarter. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.2%. Stanley Black & Decker's dividend payout ratio is presently 105.40%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SWK. Barclays cut their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the company a "buy" rating in a research note on Monday, August 18th. Wells Fargo & Company increased their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Monday, October 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.90.

About Stanley Black & Decker

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.

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