Loudon Investment Management LLC Decreases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Loudon Investment Management LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,375 shares of the industrial products company’s stock after selling 1,927 shares during the period. Stanley Black & Decker comprises 2.2% of Loudon Investment Management LLC’s investment portfolio, making the stock its 16th largest position. Loudon Investment Management LLC’s holdings in Stanley Black & Decker were worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SWK. Sei Investments Co. increased its stake in shares of Stanley Black & Decker by 11.0% during the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock valued at $13,454,000 after buying an additional 13,659 shares during the period. First Financial Bankshares Inc purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $6,161,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Stanley Black & Decker by 6.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after buying an additional 297 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of 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 buying an additional 7,826 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Stanley Black & Decker by 196.9% during the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock valued at $10,429,000 after buying an additional 70,625 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SWK shares. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley assumed coverage on Stanley Black & Decker in a research note on Friday. They issued an “equal weight” rating and a $107.00 price target on the stock. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Barclays upped their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.75.

Stanley Black & Decker Stock Down 1.2 %

Stanley Black & Decker stock traded down $1.18 during mid-day trading on Friday, hitting $97.18. The company had a trading volume of 1,169,823 shares, compared to its average volume of 907,172. 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 $93.23 and its two-hundred day moving average price is $90.44. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.15. The company has a market capitalization of $14.96 billion, a PE ratio of -140.84, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping 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 business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.38%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is -475.36%.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker 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.