Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,824 shares of the industrial products company’s stock after selling 260 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Stanley Black & Decker were worth $421,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 100 shares during the last quarter. Castleview Partners LLC raised its position in Stanley Black & Decker by 3.9% in the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 103 shares during the period. Advisors Management Group Inc. ADV lifted its stake in shares of Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SWK shares. UBS Group upped their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Trading Up 2.6 %

NYSE:SWK opened at $87.67 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The firm has a market cap of $13.52 billion, a PE ratio of -63.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $100.38 and a 200 day moving average price of $93.73.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the business posted $1.05 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.74%. Stanley Black & Decker’s payout ratio is -239.42%.

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.