Panagora Asset Management Inc. Has $207,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Panagora Asset Management Inc. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 50.8% during the 2nd quarter, Holdings Channel reports. The fund owned 2,587 shares of the industrial products company’s stock after selling 2,667 shares during the quarter. Panagora Asset Management Inc.’s holdings in Stanley Black & Decker were worth $207,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SWK. Truist Financial Corp increased its stake in shares of Stanley Black & Decker by 6.0% in the fourth quarter. Truist Financial Corp now owns 16,536 shares of the industrial products company’s stock valued at $1,622,000 after buying an additional 933 shares in the last quarter. Victory Capital Management Inc. increased its position in Stanley Black & Decker by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 192,878 shares of the industrial products company’s stock valued at $18,921,000 after acquiring an additional 10,460 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Stanley Black & Decker in the fourth quarter worth about $203,000. Natixis Advisors L.P. lifted its position in shares of Stanley Black & Decker by 56.4% during the fourth quarter. Natixis Advisors L.P. now owns 17,640 shares of the industrial products company’s stock worth $1,730,000 after purchasing an additional 6,359 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Stanley Black & Decker by 6.6% during the fourth quarter. Amalgamated Bank now owns 41,291 shares of the industrial products company’s stock valued at $4,051,000 after purchasing an additional 2,550 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Barclays raised their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group boosted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.00.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $99.88 on Thursday. The stock has a 50-day moving average of $92.54 and a 200-day moving average of $90.32. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15. The stock has a market cap of $15.38 billion, a PE ratio of -144.75, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.28%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is presently -469.56%.

About Stanley Black & Decker

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.