Stanley Black & Decker, Inc. (NYSE:SWK) Stake Trimmed by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 725 shares of the industrial products company’s stock after selling 113 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Stanley Black & Decker were worth $80,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the second quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth about $56,000. Finally, AM Squared Ltd purchased a new position in Stanley Black & Decker during the 2nd quarter valued at about $72,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on SWK shares. Barclays raised their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Robert W. Baird lifted their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, UBS Group increased their price objective 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, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.13.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $106.40 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $102.78 and a 200-day simple moving average of $93.38. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of -154.20, a PEG ratio of 2.89 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $76.57 and a 1-year high of $110.88.

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, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the business posted ($0.11) earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.08%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.