Sage Capital Advisors llc Has $3.66 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sage Capital Advisors llc raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,224 shares of the industrial products company’s stock after buying an additional 264 shares during the quarter. Sage Capital Advisors llc’s holdings in Stanley Black & Decker were worth $3,659,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker during the second quarter valued at about $32,000. Quarry LP bought a new stake in Stanley Black & Decker in the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its stake in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the period. Fairman Group LLC acquired a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $50,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $52,000. 87.77% of the stock is owned by institutional investors.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the business’s 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 sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Trading Up 0.2 %

Shares of SWK stock opened at $106.54 on Wednesday. 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, Inc. has a 12-month low of $76.57 and a 12-month high of $110.88. The firm has a fifty day moving average of $101.27 and a 200-day moving average of $92.66.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results 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. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.17 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase 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 3.08%. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWK shares. Robert W. Baird lifted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Morgan Stanley started coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target for the company. UBS Group boosted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upped 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 report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.50.

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.