Oppenheimer Asset Management Inc. Decreases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Oppenheimer Asset Management Inc. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,670 shares of the industrial products company’s stock after selling 508 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Stanley Black & Decker were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 100 shares in the last quarter. Czech National Bank raised its stake in shares of Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares during the period. Rockland Trust Co. grew its holdings in Stanley Black & Decker by 1.5% during the 2nd quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 157 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Stanley Black & Decker by 3.5% during the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock worth $544,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.0 %

SWK stock opened at $106.93 on Friday. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of -154.97, a PEG ratio of 2.70 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $108.37. The firm has a fifty day moving average price of $97.19 and a two-hundred day moving average price of $91.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker, Inc. will post 4.22 EPS for the current 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 dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.07%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is currently -475.36%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SWK. UBS Group raised their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Barclays increased their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted 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, Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $101.75.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of the business’s 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 transaction, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.