Charles Schwab Investment Management Inc. Buys 21,459 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Charles Schwab Investment Management Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 971,091 shares of the industrial products company's stock after acquiring an additional 21,459 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Stanley Black & Decker worth $95,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mackenzie Financial Corp increased its stake in Stanley Black & Decker by 5.8% in the third quarter. Mackenzie Financial Corp now owns 12,933 shares of the industrial products company's stock valued at $1,014,000 after purchasing an additional 708 shares during the last quarter. Strs Ohio grew its position in shares of Stanley Black & Decker by 31.5% during the third quarter. Strs Ohio now owns 20,835 shares of the industrial products company's stock worth $1,741,000 after acquiring an additional 4,996 shares during the last quarter. Advisor Partners II LLC increased its holdings in shares of Stanley Black & Decker by 4.4% in the 3rd quarter. Advisor Partners II LLC now owns 6,174 shares of the industrial products company's stock valued at $516,000 after acquiring an additional 258 shares during the period. TIAA Trust National Association purchased a new stake in Stanley Black & Decker in the 3rd quarter valued at $332,000. Finally, ING Groep NV purchased a new position in Stanley Black & Decker during the 3rd quarter worth $45,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Stanley Black & Decker Trading Up 0.4 %

Shares of Stanley Black & Decker stock traded up $0.38 during mid-day trading on Monday, hitting $90.22. 1,061,009 shares of the stock were exchanged, compared to its average volume of 1,433,063. The company has a 50-day simple moving average of $91.50 and a 200 day simple moving average of $91.72. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of -130.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.41) EPS. Research analysts forecast that Stanley Black & Decker, Inc. will post 4.07 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.59%. Stanley Black & Decker's payout ratio is -469.57%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SWK shares. Barclays lowered their price target on Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating for the company in a research report on Friday, May 3rd. Finally, Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and an average target price of $97.00.

About Stanley Black & Decker

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.