Stanley Black & Decker, Inc. (SWK) Stake Decreased by Smith Graham & Co. Investment Advisors LP

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Smith Graham & Co. Investment Advisors LP trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,980 shares of the industrial products company’s stock after selling 1,180 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in Stanley Black & Decker were worth $4,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in Stanley Black & Decker during the 2nd quarter worth $136,000. NEXT Financial Group Inc purchased a new position in Stanley Black & Decker during the 3rd quarter worth $139,000. Paragon Capital Management Ltd purchased a new position in Stanley Black & Decker during the 2nd quarter worth $204,000. Ferguson Wellman Capital Management Inc. purchased a new position in Stanley Black & Decker during the 3rd quarter worth $212,000. Finally, Intact Investment Management Inc. purchased a new position in Stanley Black & Decker during the 2nd quarter worth $213,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Shares of NYSE SWK opened at $116.52 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.49 and a beta of 0.98. Stanley Black & Decker, Inc. has a 12-month low of $106.41 and a 12-month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Stanley Black & Decker had a return on equity of 16.71% and a net margin of 7.22%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 8.14 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, November 29th. This represents a $2.64 annualized dividend and a yield of 2.27%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.

SWK has been the topic of several research reports. ValuEngine downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Barclays raised their price objective on Stanley Black & Decker from $164.00 to $166.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Macquarie reduced their price objective on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, September 6th. Finally, Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Monday, August 20th. They set an “overweight” rating and a $164.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average price target of $165.00.

In other Stanley Black & Decker news, VP Jocelyn Belisle sold 1,185 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the sale, the vice president now owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jaime A. Ramirez sold 8,251 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $111.29, for a total value of $918,253.79. Following the sale, the senior vice president now directly owns 36,566 shares in the company, valued at approximately $4,069,430.14. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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