Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Chapin Davis Inc.

Chapin Davis Inc. raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 28.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,714 shares of the industrial products company’s stock after purchasing an additional 819 shares during the period. Chapin Davis Inc.’s holdings in Stanley Black & Decker were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWK. Envestnet Portfolio Solutions Inc. acquired a new position in Stanley Black & Decker during the 3rd quarter valued at about $263,000. Envestnet Asset Management Inc. lifted its stake in Stanley Black & Decker by 29.4% during the third quarter. Envestnet Asset Management Inc. now owns 129,878 shares of the industrial products company’s stock valued at $10,855,000 after purchasing an additional 29,494 shares during the last quarter. LPL Financial LLC lifted its stake in Stanley Black & Decker by 11.6% during the third quarter. LPL Financial LLC now owns 86,004 shares of the industrial products company’s stock valued at $7,188,000 after purchasing an additional 8,910 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Stanley Black & Decker by 11.1% during the third quarter. Natixis Advisors L.P. now owns 11,281 shares of the industrial products company’s stock valued at $943,000 after purchasing an additional 1,131 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in Stanley Black & Decker by 85.5% during the third quarter. Trexquant Investment LP now owns 13,294 shares of the industrial products company’s stock valued at $1,111,000 after purchasing an additional 6,129 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 2.7 %

SWK stock opened at $77.75 on Tuesday. 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. The firm has a 50 day moving average of $86.44 and a two-hundred day moving average of $90.83.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $3.87 billion during 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 company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.05 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the company’s stock in a transaction on Monday, May 6th. The shares were 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 of the company’s stock, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Stanley Black & Decker 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.