Brown Advisory Inc. cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,267 shares of the industrial products company’s stock after selling 1,381 shares during the quarter. Brown Advisory Inc.’s holdings in Stanley Black & Decker were worth $1,311,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SWK. The Manufacturers Life Insurance Company grew its holdings in shares of Stanley Black & Decker by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 113,519 shares of the industrial products company’s stock worth $8,528,000 after purchasing an additional 396 shares during the last quarter. Commerce Bank boosted its holdings in Stanley Black & Decker by 4.3% in the first quarter. Commerce Bank now owns 5,787 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 236 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Stanley Black & Decker by 25.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 4,802 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 965 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Stanley Black & Decker by 14.8% in the first quarter. Janney Montgomery Scott LLC now owns 183,114 shares of the industrial products company’s stock valued at $14,755,000 after acquiring an additional 23,540 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Stanley Black & Decker by 1,147.1% in the fourth quarter. Voya Investment Management LLC now owns 634,357 shares of the industrial products company’s stock valued at $47,653,000 after acquiring an additional 583,489 shares in the last quarter. 88.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Stanley Black & Decker from $90.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, August 2nd. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $90.00 to $95.00 in a research report on Monday, July 10th. Mizuho lifted their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. StockNews.com raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Finally, Wolfe Research lowered Stanley Black & Decker from a “peer perform” rating to an “underperform” rating and set a $94.00 price target for the company. in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.00.
Stanley Black & Decker Price Performance
Shares of Stanley Black & Decker stock opened at $92.98 on Wednesday. The business has a 50 day simple moving average of $93.66 and a two-hundred day simple moving average of $86.22. Stanley Black & Decker, Inc. has a 12 month low of $70.24 and a 12 month high of $104.42. The stock has a market capitalization of $14.25 billion, a P/E ratio of 18.30, a PEG ratio of 6.17 and a beta of 1.36. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 0.42.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.25. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.14 billion. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. As a group, analysts predict that Stanley Black & Decker, Inc. will post 1 EPS for the current fiscal year.
Stanley Black & Decker Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.81 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.80. This represents a $3.24 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, September 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 62.99%.
Insider Transactions at Stanley Black & Decker
In other news, SVP Janet Link sold 3,081 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $98.76, for a total transaction of $304,279.56. Following the completion of the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at $3,228,464.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.
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