Fort Washington Investment Advisors Inc. OH Sells 1,415 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Fort Washington Investment Advisors Inc. OH cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,614,133 shares of the industrial products company’s stock after selling 1,415 shares during the period. Fort Washington Investment Advisors Inc. OH owned 1.05% of Stanley Black & Decker worth $128,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. M&T Bank Corp grew its stake in Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock valued at $3,705,000 after acquiring an additional 113 shares in the last quarter. Czech National Bank increased its holdings in shares of Stanley Black & Decker by 0.5% in the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 worth $49,000 after buying an additional 140 shares in the last quarter. Rockland Trust Co. boosted its stake in Stanley Black & Decker by 1.5% during the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock worth $849,000 after buying an additional 157 shares during the last quarter. Finally, Principle Wealth Partners LLC increased its stake in shares of Stanley Black & Decker by 2.9% in the 1st quarter. Principle Wealth Partners LLC now owns 6,371 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 182 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Trading Up 0.5 %

Shares of SWK stock traded up $0.47 on Friday, hitting $102.37. The stock had a trading volume of 1,179,143 shares, compared to its average volume of 1,437,550. The company’s 50 day moving average price is $91.10 and its 200-day moving average price is $89.97. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $108.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The firm has a market capitalization of $15.76 billion, a P/E ratio of -148.35, a P/E/G ratio of 2.68 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the prior year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SWK shares. Barclays boosted their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Finally, UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $101.00.

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.