Ethic Inc. Cuts Stock Position in Stanley Black & Decker, Inc. $SWK

Ethic Inc. trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,774 shares of the industrial products company’s stock after selling 14,115 shares during the quarter. Ethic Inc.’s holdings in Stanley Black & Decker were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $25,000. Chapman Financial Group LLC acquired a new position in shares of Stanley Black & Decker in the second quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth $28,000. Hanson & Doremus Investment Management acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at $30,000. Finally, MUFG Securities EMEA plc acquired a new position in Stanley Black & Decker during the 2nd quarter worth $31,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 23rd. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.33.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $76.41 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $91.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 1.82 and a beta of 1.20. The stock’s 50-day moving average is $70.84 and its two-hundred day moving average is $71.55.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The firm 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%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 114.88%.

Stanley Black & Decker Profile

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.