Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,000 shares of the industrial products company’s stock after purchasing an additional 4,000 shares during the period. Olstein Capital Management L.P.’s holdings in Stanley Black & Decker were worth $7,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. First United Bank & Trust purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $25,000. Quarry LP purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $36,000. Principal Securities Inc. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. raised its holdings in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the period. Finally, Fairman Group LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Stanley Black & Decker Stock Up 0.6 %

Shares of SWK traded up $0.49 during mid-day trading on Wednesday, reaching $79.88. The company’s stock had a trading volume of 894,537 shares, compared to its average volume of 1,408,477. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $104.21. The stock has a market cap of $12.29 billion, a PE ratio of -116.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The company’s 50 day moving average is $85.98 and its 200 day moving average is $90.53.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations 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 business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) EPS. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.05 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.06%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SWK shares. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Barclays downgraded Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Robert W. Baird cut their price target 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.44.

About Stanley Black & Decker

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.