Thrivent Financial for Lutherans Has $3.79 Million Position in Stanley Black & Decker, Inc. $SWK

Thrivent Financial for Lutherans trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,886 shares of the industrial products company’s stock after selling 10,310 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stanley Black & Decker were worth $3,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Stanley Black & Decker by 26.5% in the 1st quarter. American Century Companies Inc. now owns 28,605 shares of the industrial products company’s stock valued at $2,199,000 after acquiring an additional 5,995 shares during the last quarter. Raymond James Financial Inc. raised its position in Stanley Black & Decker by 33.3% in the first quarter. Raymond James Financial Inc. now owns 259,045 shares of the industrial products company’s stock valued at $19,915,000 after purchasing an additional 64,666 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Stanley Black & Decker by 9.2% during the first quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company’s stock valued at $120,811,000 after purchasing an additional 132,509 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Stanley Black & Decker by 106.6% during the first quarter. Wellington Management Group LLP now owns 19,986 shares of the industrial products company’s stock worth $1,537,000 after purchasing an additional 10,313 shares during the last quarter. Finally, Credit Agricole S A increased its stake in shares of Stanley Black & Decker by 8.4% in the first quarter. Credit Agricole S A now owns 51,596 shares of the industrial products company’s stock valued at $3,967,000 after buying an additional 4,018 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $72.78 on Friday. The company has a market capitalization of $11.27 billion, a PE ratio of 25.18, a P/E/G ratio of 2.06 and a beta of 1.20. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $69.52 and a 200 day simple moving average of $71.00. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $91.06.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a $0.83 dividend. The ex-dividend date was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.6%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SWK. UBS Group lifted their target price on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Morgan Stanley reaffirmed a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company reduced their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.67.

About Stanley Black & Decker

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.