Bearing Point Capital LLC Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Bearing Point Capital LLC has reduced its stake in Stanley Black & Decker by 43.7%, owning 8,615 shares post-sale, valued at $662,000.
• Several institutional investors have increased their holdings in Stanley Black & Decker significantly, with 87.77% of the stock now owned by hedge funds and institutional investors.
• Stanley Black & Decker announced a new quarterly dividend of $0.83, representing an annualized yield of 4.49%, up from the previous dividend of $0.82.

Bearing Point Capital LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 43.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,615 shares of the industrial products company's stock after selling 6,678 shares during the period. Bearing Point Capital LLC's holdings in Stanley Black & Decker were worth $662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Golden State Wealth Management LLC raised its holdings in Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after buying an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker during the 1st quarter worth $31,000. TD Private Client Wealth LLC grew its position in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares in the last quarter. CX Institutional bought a new stake in Stanley Black & Decker during the first quarter valued at about $43,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $55,000. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on SWK. Barclays lowered their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday. Wells Fargo & Company raised their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday. UBS Group dropped their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Finally, Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $93.80.

Stanley Black & Decker Stock Performance

SWK stock traded up $0.67 during mid-day trading on Wednesday, reaching $69.28. 1,617,564 shares of the stock traded hands, compared to its average volume of 2,445,772. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $68.40 and a two-hundred day moving average of $73.31. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The firm has a market capitalization of $10.72 billion, a PE ratio of 28.83, a P/E/G ratio of 1.44 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is currently 137.76%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.