Stanley Black & Decker, Inc. $SWK Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its stake in Stanley Black & Decker by 44.6%, holding 4,879 shares valued at $331,000 after the sale.
• Several hedge funds increased their holdings in Stanley Black & Decker, including Ameriprise Financial Inc., which grew its stake by 59.8%, now owning over 3.5 million shares.
• Stanley Black & Decker recently declared a quarterly dividend of $0.83 per share, an increase from the previous dividend of $0.82, reflecting a 4.9% yield.

Blair William & Co. IL lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 44.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,879 shares of the industrial products company's stock after selling 3,922 shares during the quarter. Blair William & Co. IL's holdings in Stanley Black & Decker were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company's stock valued at $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company's stock worth $239,805,000 after buying an additional 20,742 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Stanley Black & Decker by 29.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company's stock worth $201,497,000 after buying an additional 601,667 shares during the last quarter. Northern Trust Corp lifted its holdings in Stanley Black & Decker by 9.2% during the 1st quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company's stock worth $120,811,000 after buying an additional 132,509 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Stanley Black & Decker by 3.0% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company's stock worth $104,224,000 after buying an additional 45,107 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. Wall Street Zen raised Stanley Black & Decker from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Finally, Robert W. Baird raised their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $88.10.

Stanley Black & Decker Stock Down 0.2%

Shares of Stanley Black & Decker stock opened at $67.79 on Friday. The business's fifty day moving average price is $74.06 and its two-hundred day moving average price is $68.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market capitalization of $10.49 billion, a P/E ratio of 21.52, a PEG ratio of 1.42 and a beta of 1.19. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $106.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The firm had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. Stanley Black & Decker's payout ratio is 105.40%.

About Stanley Black & Decker

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.

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