NORTHSTAR ASSET MANAGEMENT Co LLC Grows Position in Stanley Black & Decker, Inc. (NYSE:SWK)

NORTHSTAR ASSET MANAGEMENT Co LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 39.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,890 shares of the industrial products company’s stock after purchasing an additional 2,500 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Stanley Black & Decker were worth $710,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SWK. First United Bank & Trust acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $25,000. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth $32,000. Quarry LP acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $36,000. Principal Securities Inc. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $38,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 140 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. UBS Group upped their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $101.00.

Stanley Black & Decker Trading Up 0.5 %

SWK stock traded up $0.53 during mid-day trading on Friday, reaching $97.32. 915,678 shares of the stock traded hands, compared to its average volume of 1,967,133. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.15. The company has a market cap of $14.98 billion, a P/E ratio of -141.04, a P/E/G ratio of 2.57 and a beta of 1.25. The stock’s fifty day moving average is $88.39 and its 200-day moving average is $89.39.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.37%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Stanley Black & Decker 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.