Man Group plc Raises Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Man Group plc increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 22.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,751 shares of the industrial products company’s stock after acquiring an additional 16,297 shares during the period. Man Group plc owned approximately 0.06% of Stanley Black & Decker worth $12,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SWK. NEXT Financial Group Inc increased its holdings in shares of Stanley Black & Decker by 53.7% in the second quarter. NEXT Financial Group Inc now owns 289 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 101 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Stanley Black & Decker by 223.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 41,282 shares of the industrial products company’s stock worth $5,967,000 after buying an additional 28,521 shares in the last quarter. AE Wealth Management LLC bought a new position in Stanley Black & Decker in the 2nd quarter worth about $235,000. Arden Trust Co bought a new position in Stanley Black & Decker in the 2nd quarter worth about $202,000. Finally, Greenleaf Trust increased its stake in Stanley Black & Decker by 12.5% in the 2nd quarter. Greenleaf Trust now owns 2,006 shares of the industrial products company’s stock worth $290,000 after acquiring an additional 223 shares during the last quarter. 84.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SWK opened at $151.80 on Wednesday. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.19 and a beta of 1.40. The company has a current ratio of 0.98, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 1-year low of $110.54 and a 1-year high of $162.15. The stock’s 50-day moving average is $154.72 and its 200 day moving average is $143.70.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.10. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.80%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm earned $2.08 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker, Inc. will post 8.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a $0.69 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.82%. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.87%.

Stanley Black & Decker declared that its Board of Directors has approved a share buyback program on Thursday, October 24th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

SWK has been the subject of a number of research analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, October 15th. Barclays decreased their price objective on shares of Stanley Black & Decker from $163.00 to $161.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Finally, Buckingham Research boosted their price target on shares of Stanley Black & Decker from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $160.93.

In other news, EVP Jeffrey D. Ansell sold 20,000 shares of Stanley Black & Decker stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.90, for a total value of $3,238,000.00. Following the transaction, the executive vice president now owns 46,574 shares in the company, valued at $7,540,330.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider (Phil) Lockyer Phillip acquired 130,434 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of $0.23 per share, for a total transaction of $29,999.82. In the last ninety days, insiders have sold 60,387 shares of company stock worth $9,635,352. 1.03% of the stock is owned by insiders.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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