Yousif Capital Management LLC Raises Stock Position in Stanley Black & Decker, Inc. $SWK

Yousif Capital Management LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,635 shares of the industrial products company's stock after buying an additional 8,356 shares during the period. Yousif Capital Management LLC owned approximately 0.07% of Stanley Black & Decker worth $6,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. grew its stake in shares of Stanley Black & Decker by 59.8% in the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock worth $272,294,000 after buying an additional 1,326,113 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Stanley Black & Decker by 0.7% in 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 purchasing an additional 20,742 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after purchasing an additional 601,667 shares during the last quarter. Northern Trust Corp boosted its position in shares of Stanley Black & Decker by 9.2% during the first quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock valued at $120,811,000 after buying an additional 132,509 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stanley Black & Decker by 3.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company's stock valued at $104,224,000 after buying an additional 45,107 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 4.0%

Shares of SWK opened at $67.05 on Wednesday. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $109.91. The company has a 50-day moving average of $74.11 and a 200 day moving average of $68.99. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

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. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wells Fargo & Company upped their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Morgan Stanley reiterated a "positive" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus price target of $88.10.

Stanley Black & Decker 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.

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