CANADA LIFE ASSURANCE Co Acquires 7,826 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

CANADA LIFE ASSURANCE Co raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,614 shares of the industrial products company’s stock after purchasing an additional 7,826 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Stanley Black & Decker were worth $11,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SWK. Raymond James Financial Services Advisors Inc. raised its stake in Stanley Black & Decker by 1.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 81,564 shares of the industrial products company’s stock worth $8,001,000 after acquiring an additional 859 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Stanley Black & Decker by 3,869.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 105,618 shares of the industrial products company’s stock worth $10,361,000 after purchasing an additional 102,957 shares in the last quarter. Procyon Advisors LLC bought a new position in Stanley Black & Decker in the 4th quarter valued at approximately $234,000. MJP Associates Inc. ADV acquired a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $255,000. Finally, SeaCrest Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 22.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,694 shares of the industrial products company’s stock worth $353,000 after buying an additional 668 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 3.7 %

Shares of SWK stock opened at $89.57 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $84.72 and its 200 day simple moving average is $89.23. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.41) earnings per share. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 3.98 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. 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 3.66%. Stanley Black & Decker’s payout ratio is -469.56%.

Insider Activity at Stanley Black & Decker

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

Wall Street Analysts Forecast Growth

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

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.