Principal Financial Group Inc. Has $19.50 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Principal Financial Group Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,100 shares of the industrial products company’s stock after buying an additional 5,493 shares during the period. Principal Financial Group Inc.’s holdings in Stanley Black & Decker were worth $19,504,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SWK. Advisors Management Group Inc. ADV grew its holdings in Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Stanley Black & Decker during the third quarter worth $218,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of Stanley Black & Decker during the third quarter worth $268,000. Greenwood Capital Associates LLC raised its stake in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Greenwood Capital Associates LLC now owns 12,087 shares of the industrial products company’s stock valued at $1,331,000 after purchasing an additional 168 shares during the period. Finally, Impax Asset Management Group plc grew its holdings in shares of Stanley Black & Decker by 11.1% during the third quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company’s stock worth $45,315,000 after buying an additional 41,043 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SWK shares. UBS Group raised their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird dropped their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Barclays boosted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK opened at $85.82 on Friday. The firm has a market capitalization of $13.23 billion, a PE ratio of -62.88, a PEG ratio of 2.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company’s 50-day moving average is $101.71 and its 200-day moving average is $93.88. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

Stanley Black & Decker Company 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.