SeaBridge Investment Advisors LLC Decreases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

SeaBridge Investment Advisors LLC reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 76.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,532 shares of the industrial products company’s stock after selling 11,603 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp increased its holdings in Stanley Black & Decker by 0.3% during the fourth quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock valued at $3,705,000 after buying an additional 113 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in Stanley Black & Decker by 0.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 117 shares during the last quarter. Czech National Bank increased its holdings in Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after buying an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Stanley Black & Decker by 39.3% during the fourth 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 last quarter. Finally, Principle Wealth Partners LLC increased its holdings in Stanley Black & Decker by 2.9% during the first quarter. Principle Wealth Partners LLC now owns 6,371 shares of the industrial products company’s stock valued at $624,000 after buying an additional 182 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.44.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.30 during midday trading on Friday, reaching $79.58. 1,175,294 shares of the company were exchanged, compared to its average volume of 1,406,658. 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 fifty day moving average is $85.59 and its two-hundred day moving average is $90.38. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The stock has a market cap of $12.25 billion, a PE ratio of -115.33, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the business earned ($0.41) earnings per share. Stanley Black & Decker’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts predict that Stanley Black & Decker, Inc. will post 4.05 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 4.07%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

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.