Kiltearn Partners LLP Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Kiltearn Partners LLP lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 17.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 233,900 shares of the industrial products company’s stock after selling 50,400 shares during the period. Stanley Black & Decker comprises about 2.3% of Kiltearn Partners LLP’s portfolio, making the stock its 17th largest holding. Kiltearn Partners LLP owned 0.15% of Stanley Black & Decker worth $18,686,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SWK. Price T Rowe Associates Inc. MD lifted its holdings in Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after acquiring an additional 1,250,925 shares during the period. Kodai Capital Management LP acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $32,679,000. Dimensional Fund Advisors LP lifted its stake in shares of Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares during the period. Sabal Trust CO acquired a new stake in Stanley Black & Decker during the second quarter valued at $19,878,000. Finally, Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 8.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after buying an additional 212,103 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $107.53 on Tuesday. 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 company has a 50-day moving average price of $97.60 and a 200 day moving average price of $91.47. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.37. The stock has a market cap of $16.55 billion, a P/E ratio of -155.84, a PEG ratio of 2.70 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company earned ($0.11) EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.05%. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their target price 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. Barclays boosted their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.75.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

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.