Natixis Sells 138,320 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Natixis decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 98.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,905 shares of the industrial products company’s stock after selling 138,320 shares during the quarter. Natixis’ holdings in Stanley Black & Decker were worth $187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its position in Stanley Black & Decker by 6.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after purchasing an additional 7,826 shares in the last quarter. Vaughan David Investments LLC IL boosted its position in Stanley Black & Decker by 1.9% during the first quarter. Vaughan David Investments LLC IL now owns 275,228 shares of the industrial products company’s stock valued at $26,953,000 after purchasing an additional 5,014 shares in the last quarter. RB Capital Management LLC boosted its position in Stanley Black & Decker by 25.7% during the first quarter. RB Capital Management LLC now owns 9,271 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 1,895 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Stanley Black & Decker by 589.9% during the first quarter. UniSuper Management Pty Ltd now owns 11,839 shares of the industrial products company’s stock valued at $1,159,000 after purchasing an additional 10,123 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new stake in Stanley Black & Decker in the first quarter worth about $294,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays downgraded Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $94.67.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The sale 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.

Stanley Black & Decker Stock Up 6.6 %

Shares of SWK stock opened at $95.45 on Friday. The stock has a 50 day moving average of $84.83 and a 200 day moving average of $89.21. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a twelve month low of $76.26 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned ($0.41) earnings per share. Stanley Black & Decker’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 3.98 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change 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 3.44%. Stanley Black & Decker’s payout ratio is currently -469.56%.

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.