Stanley Black & Decker, Inc. (NYSE:SWK) Position Lessened by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 59.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,911 shares of the industrial products company’s stock after selling 14,568 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Stanley Black & Decker were worth $792,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SWK. Oregon Public Employees Retirement Fund grew its stake in shares of Stanley Black & Decker by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 100 shares in the last quarter. Czech National Bank increased its stake in shares of Stanley Black & Decker by 0.5% during the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Stanley Black & Decker by 39.3% during the 4th 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 in the last quarter. Rockland Trust Co. boosted its holdings in Stanley Black & Decker by 1.5% in the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 157 shares in the last quarter. Finally, Empirical Finance LLC increased its position in Stanley Black & Decker by 3.5% during the first 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 last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on SWK shares. Barclays upped their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley began coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $108.01 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The stock has a market cap of $16.63 billion, a P/E ratio of -156.53, a PEG ratio of 2.70 and a beta of 1.24. The company has a fifty day moving average price of $96.82 and a 200 day moving average price of $91.21. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.37.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business earned ($0.11) earnings per share. Analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is owned by company insiders.

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.