Vontobel Holding Ltd. Sells 1,140 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Vontobel Holding Ltd. lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 35.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,042 shares of the industrial products company’s stock after selling 1,140 shares during the period. Vontobel Holding Ltd.’s holdings in Stanley Black & Decker were worth $225,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC increased its position in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in Stanley Black & Decker in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% during the 2nd 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 last quarter. Armstrong Advisory Group Inc. bought a new position in Stanley Black & Decker during the third quarter valued at $72,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Stanley Black & Decker by 27.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after buying an additional 141 shares during the period. 87.77% of the stock is owned by institutional investors.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred 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 sale, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Stock Down 1.5 %

Shares of NYSE:SWK opened at $103.28 on Thursday. Stanley Black & Decker, Inc. has a 12-month low of $76.57 and a 12-month high of $110.88. 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’s 50-day moving average price is $103.35 and its 200-day moving average price is $93.58. The stock has a market capitalization of $15.89 billion, a P/E ratio of -149.68, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.18%. Stanley Black & Decker’s payout ratio is presently -475.36%.

Analyst Ratings Changes

Several brokerages recently weighed in on SWK. Robert W. Baird lifted their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company cut their price target on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.13.

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.