Mutual of America Capital Management LLC Sells 672 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mutual of America Capital Management LLC lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,778 shares of the industrial products company’s stock after selling 672 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stanley Black & Decker were worth $3,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in Stanley Black & Decker by 25.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 6,010 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 1,207 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Stanley Black & Decker by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 7,102 shares of the industrial products company’s stock valued at $993,000 after acquiring an additional 527 shares during the last quarter. National Asset Management Inc. grew its holdings in Stanley Black & Decker by 24.4% in the first quarter. National Asset Management Inc. now owns 4,561 shares of the industrial products company’s stock worth $638,000 after purchasing an additional 896 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Stanley Black & Decker by 1.5% during the first quarter. State of New Jersey Common Pension Fund D now owns 91,952 shares of the industrial products company’s stock worth $12,854,000 after purchasing an additional 1,356 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Stanley Black & Decker during the 1st quarter valued at $653,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 0.4 %

Shares of SWK stock opened at $80.20 on Monday. Stanley Black & Decker, Inc. has a twelve month low of $70.24 and a twelve month high of $196.52. The stock has a market cap of $11.86 billion, a P/E ratio of 8.79, a P/E/G ratio of 2.01 and a beta of 1.25. The stock has a 50 day moving average of $79.28 and a 200 day moving average of $96.88. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.60.

Stanley Black & Decker (NYSE:SWKGet Rating) last posted its earnings results on Thursday, October 27th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. Stanley Black & Decker had a net margin of 8.44% and a return on equity of 11.77%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the business posted $2.77 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.44 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Thursday, December 1st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $3.20 dividend on an annualized basis and a yield of 3.99%. Stanley Black & Decker’s payout ratio is 35.09%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SWK shares. StockNews.com began coverage on Stanley Black & Decker in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Vertical Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $110.00 in a research note on Friday, July 29th. Mizuho lowered their price objective on shares of Stanley Black & Decker from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft cut their target price on Stanley Black & Decker from $111.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Finally, Wolfe Research cut Stanley Black & Decker from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $94.08.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $90.96, for a total transaction of $90,960.00. Following the completion of the transaction, the senior vice president now owns 28,260 shares of the company’s stock, valued at $2,570,529.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Corbin Walburger sold 5,248 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $80.80, for a total transaction of $424,038.40. Following the transaction, the chief financial officer now directly owns 17,993 shares in the company, valued at $1,453,834.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Janet Link sold 1,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $90.96, for a total transaction of $90,960.00. Following the completion of the sale, the senior vice president now owns 28,260 shares of the company’s stock, valued at approximately $2,570,529.60. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Further Reading

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

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