Kiltearn Partners LLP Raises Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Kiltearn Partners LLP grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,300 shares of the industrial products company’s stock after acquiring an additional 70,500 shares during the period. Stanley Black & Decker comprises 2.5% of Kiltearn Partners LLP’s portfolio, making the stock its 18th largest holding. Kiltearn Partners LLP owned 0.18% of Stanley Black & Decker worth $27,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SWK. Sei Investments Co. lifted its stake in shares of Stanley Black & Decker by 11.0% in the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock valued at $13,454,000 after purchasing an additional 13,659 shares during the period. Manchester Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $2,067,000. First Financial Bankshares Inc acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $6,161,000. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Stanley Black & Decker by 6.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 297 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Stanley Black & Decker by 6.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock worth $11,920,000 after acquiring an additional 7,826 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 6.5 %

SWK traded up $5.86 during trading hours on Friday, reaching $95.43. 3,723,760 shares of the stock traded hands, compared to its average volume of 1,425,406. The firm’s fifty day simple moving average is $84.83 and its two-hundred day simple moving average is $89.09. The company has a market cap of $14.68 billion, a price-to-earnings ratio of -138.30, a PEG ratio of 2.66 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company 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 firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 3.98 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a yield of 3.44%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SWK. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $94.67.

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.