Federated Hermes Inc. Sells 1,475,521 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Federated Hermes Inc. lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 93.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,629 shares of the industrial products company’s stock after selling 1,475,521 shares during the period. Federated Hermes Inc. owned about 0.06% of Stanley Black & Decker worth $7,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SWK. AlphaMark Advisors LLC acquired a new stake in Stanley Black & Decker during the second quarter worth about $32,000. Quarry LP acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $36,000. Principal Securities Inc. acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $38,000. Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after buying an additional 140 shares in the last quarter. Finally, Fairman Group LLC acquired a new stake in Stanley Black & Decker during the fourth quarter worth about $50,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $103.08 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $95.96 and a 200-day moving average of $91.00. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $108.15. The stock has a market capitalization of $15.86 billion, a P/E ratio of -149.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) EPS. Stanley Black & Decker’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on SWK shares. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. UBS Group raised their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.75.

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.