Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Cut by Clean Energy Transition LLP

Clean Energy Transition LLP trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 27.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,331,404 shares of the industrial products company’s stock after selling 501,580 shares during the period. Stanley Black & Decker comprises about 5.8% of Clean Energy Transition LLP’s portfolio, making the stock its 6th biggest position. Clean Energy Transition LLP owned 0.86% of Stanley Black & Decker worth $106,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWK. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth approximately $32,000. Quarry LP acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Principal Securities Inc. acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $38,000. Brown Brothers Harriman & Co. boosted its holdings in 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 in the last quarter. Finally, Fairman Group LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $50,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWK. Wells Fargo & Company upped their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on 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 increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley assumed coverage on Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $106.93 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 fifty day moving average price of $97.19 and a 200 day moving average price of $91.33. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $108.37. The company has a market cap of $16.45 billion, a PE ratio of -154.97, a P/E/G ratio of 2.70 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results 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. The firm had revenue of $4.02 billion during 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 company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.82 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.07%. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

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.