Cubist Systematic Strategies LLC increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 18.9% during the second quarter, Holdings Channel reports. The institutional investor owned 30,254 shares of the industrial products company’s stock after buying an additional 4,801 shares during the period. Cubist Systematic Strategies LLC’s holdings in Stanley Black & Decker were worth $4,018,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $136,000. Morgan Stanley boosted its holdings in shares of Stanley Black & Decker by 5.9% in the 2nd quarter. Morgan Stanley now owns 1,478,639 shares of the industrial products company’s stock worth $196,378,000 after buying an additional 82,403 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Stanley Black & Decker by 10.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 100,944 shares of the industrial products company’s stock worth $13,406,000 after buying an additional 9,544 shares during the last quarter. Davy Asset Management Ltd purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $852,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Stanley Black & Decker in the 2nd quarter valued at about $1,783,000. 83.70% of the stock is currently owned by institutional investors.

In other news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the sale, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

A number of brokerages recently issued reports on SWK. B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research note on Thursday, June 7th. ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Barclays boosted their price objective on Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. UBS Group lowered their price objective on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Finally, Morgan Stanley began coverage on Stanley Black & Decker in a research note on Monday, August 20th. They issued an “overweight” rating and a $164.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $179.27.

Shares of Stanley Black & Decker stock opened at $141.84 on Wednesday. Stanley Black & Decker, Inc. has a 52-week low of $130.56 and a 52-week high of $176.62. The stock has a market capitalization of $21.30 billion, a P/E ratio of 19.04, a PEG ratio of 1.64 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 annualized dividend and a dividend yield of 1.86%. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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