Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,310 shares of the industrial products company’s stock after selling 24,230 shares during the period. Stanley Black & Decker makes up approximately 2.2% of Sasco Capital Inc. CT’s investment portfolio, making the stock its 27th largest holding. Sasco Capital Inc. CT owned 0.09% of Stanley Black & Decker worth $15,012,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SWK. Rise Advisors LLC raised its holdings in shares of 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 in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the period. Summit Securities Group LLC purchased a new position in Stanley Black & Decker in the 2nd quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker during the 3rd quarter worth about $59,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays upped 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 research note on Wednesday, October 2nd. Morgan Stanley reduced their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $86.58 on Tuesday. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $101.03 and its two-hundred day moving average is $93.82.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the firm posted $1.05 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.79%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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.