Advisors Asset Management Inc. Cuts Stake in Stanley Black & Decker, Inc. (SWK)

Advisors Asset Management Inc. lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 29.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,812 shares of the industrial products company’s stock after selling 5,853 shares during the period. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $3,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SWK. Mount Yale Investment Advisors LLC purchased a new position in shares of Stanley Black & Decker during the first quarter valued at $117,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at $136,000. Intact Investment Management Inc. purchased a new position in shares of Stanley Black & Decker during the second quarter valued at $213,000. RFG Advisory Group LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at $219,000. Finally, TLP Group LLC increased its stake in shares of Stanley Black & Decker by 32.8% during the first quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock valued at $228,000 after buying an additional 367 shares during the period. Hedge funds and other institutional investors own 83.52% of the company’s stock.

Shares of SWK stock opened at $149.17 on Wednesday. Stanley Black & Decker, Inc. has a 1-year low of $130.56 and a 1-year high of $176.62. The stock has a market cap of $23.62 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. equities analysts anticipate that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 6th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 35.44%.

Several equities analysts have recently commented on SWK shares. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Morgan Stanley dropped their price objective on Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating on the stock in a research report on Monday, July 23rd. Barclays dropped their price objective on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Finally, B. Riley reaffirmed a “buy” rating on shares of Stanley Black & Decker in a research report on Thursday, June 7th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $178.69.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the sale, the vice president now owns 12,766 shares of the company’s stock, valued at $1,774,984.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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