Principal Financial Group Inc. Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Principal Financial Group Inc. increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 348,629 shares of the industrial products company's stock after purchasing an additional 33,516 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Stanley Black & Decker worth $34,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $38,000. Venturi Wealth Management LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of Stanley Black & Decker by 80.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 231 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $44,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company's stock worth $46,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares of the company's stock, valued at $2,852,248. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

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

Stanley Black & Decker Price Performance

Shares of SWK traded up $0.33 during trading hours on Friday, hitting $90.12. 932,231 shares of the stock were exchanged, compared to its average volume of 1,988,651. The stock's 50-day moving average price is $91.54 and its two-hundred day moving average price is $91.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The company has a market cap of $13.87 billion, a price-to-earnings ratio of -130.61, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21.

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

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio (DPR) is -469.57%.

Stanley Black & Decker Company Profile

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.