Stanley Black & Decker, Inc. (NYSE:SWK) Holdings Cut by Lincoln Capital Corp

Lincoln Capital Corp cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,745 shares of the industrial products company’s stock after selling 288 shares during the period. Stanley Black & Decker accounts for 1.5% of Lincoln Capital Corp’s holdings, making the stock its 24th biggest holding. Lincoln Capital Corp’s holdings in Stanley Black & Decker were worth $3,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. grew its position in Stanley Black & Decker by 11.0% in the 1st quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock worth $13,454,000 after purchasing an additional 13,659 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after acquiring an additional 11,151 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Stanley Black & Decker by 6.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 297 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Stanley Black & Decker by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock worth $11,920,000 after acquiring an additional 7,826 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Stanley Black & Decker by 196.9% in the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock worth $10,429,000 after purchasing an additional 70,625 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker 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 completion of the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWK shares. JPMorgan Chase & Co. upped 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. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target 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. Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $106.13.

Stanley Black & Decker Price Performance

SWK stock opened at $101.98 on Friday. The firm has a 50-day moving average of $103.47 and a two-hundred day moving average of $93.64. The firm has a market capitalization of $15.70 billion, a PE ratio of -52.57, a P/E/G ratio of 2.78 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a one year low of $76.57 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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 company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) EPS. On average, analysts forecast that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.22%. Stanley Black & Decker’s dividend payout ratio is presently -169.07%.

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.