American International Group Inc. Sells 344 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

American International Group Inc. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,201 shares of the industrial products company’s stock after selling 344 shares during the period. American International Group Inc.’s holdings in Stanley Black & Decker were worth $3,944,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Stanley Black & Decker during the fourth quarter worth about $133,952,000. International Assets Investment Management LLC lifted its holdings in shares of Stanley Black & Decker by 9,029.0% during the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after acquiring an additional 416,689 shares during the period. Kodai Capital Management LP bought a new stake in Stanley Black & Decker during the fourth quarter worth $32,679,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 in the last quarter. Finally, Kensico Capital Management Corp increased its stake in shares of Stanley Black & Decker by 49.6% in the 3rd quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock valued at $55,012,000 after purchasing an additional 218,200 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $84.34 on Monday. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of -122.23, a P/E/G ratio of 2.28 and a beta of 1.29. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a twelve month low of $76.26 and a twelve month high of $104.21. The company’s fifty day moving average is $87.23 and its 200 day moving average is $91.24.

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

Stanley Black & Decker Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Stanley Black & Decker Company Profile

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.