Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 68,610 shares of the industrial products company’s stock after selling 1,456 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Stanley Black & Decker were worth $6,719,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Stanley Black & Decker by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock valued at $1,683,389,000 after purchasing an additional 279,866 shares during the last quarter. Federated Hermes Inc. lifted its position in Stanley Black & Decker by 1.4% in the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after purchasing an additional 22,933 shares during the last quarter. Northern Trust Corp lifted its position in Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after purchasing an additional 66,536 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Stanley Black & Decker by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company’s stock valued at $137,094,000 after purchasing an additional 16,983 shares during the last quarter. Finally, Norges Bank bought a new stake in Stanley Black & Decker in the 4th quarter valued at about $133,952,000. 87.77% of the stock is currently owned by institutional investors.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on SWK shares. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Barclays downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $95.44.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $84.34 on Friday. The firm’s 50 day moving average is $87.23 and its 200-day moving average is $91.25. The stock has a market capitalization of $12.98 billion, a P/E ratio of -122.23, a P/E/G ratio of 2.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.41) earnings per share. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -469.56%.

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.