Renaissance Technologies LLC Sells 73,100 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Renaissance Technologies LLC decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,962 shares of the industrial products company’s stock after selling 73,100 shares during the period. Renaissance Technologies LLC owned about 0.26% of Stanley Black & Decker worth $31,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 18.9% during 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 last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Stanley Black & Decker by 8.4% during the 2nd 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 purchasing an additional 212,103 shares during the last quarter. Bcwm LLC grew its holdings in shares of Stanley Black & Decker by 2.3% during the 2nd quarter. Bcwm LLC now owns 99,366 shares of the industrial products company’s stock valued at $7,938,000 after purchasing an additional 2,208 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Stanley Black & Decker by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,613 shares of the industrial products company’s stock valued at $6,600,000 after purchasing an additional 8,298 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Stanley Black & Decker by 18.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 30,445 shares of the industrial products company’s stock valued at $2,479,000 after purchasing an additional 4,658 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 3.0 %

NYSE:SWK opened at $108.01 on Friday. The company has a 50-day moving average price of $96.82 and a 200-day moving average price of $91.21. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.37. 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 stock has a market cap of $16.63 billion, a price-to-earnings ratio of -156.53, a P/E/G ratio of 2.70 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS 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 period last year, the company posted ($0.11) EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared 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. 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 yield of 3.04%. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. 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 report 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 report on Wednesday, July 31st. Barclays raised their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley started coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.75.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker 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 directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.