Stanley Black & Decker, Inc. (NYSE:SWK) is Clean Energy Transition LLP’s 6th Largest Position

Clean Energy Transition LLP lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 27.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,331,404 shares of the industrial products company’s stock after selling 501,580 shares during the quarter. Stanley Black & Decker makes up approximately 5.8% of Clean Energy Transition LLP’s holdings, making the stock its 6th largest holding. Clean Energy Transition LLP’s holdings in Stanley Black & Decker were worth $106,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $133,952,000. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after buying an additional 1,250,925 shares during the last quarter. Kodai Capital Management LP acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $32,679,000. Dimensional Fund Advisors LP boosted its stake in Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after buying an additional 267,013 shares during the last quarter. Finally, Sabal Trust CO acquired a new stake in Stanley Black & Decker in the 2nd quarter worth about $19,878,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity

In other 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

SWK stock opened at $106.93 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.37. The stock’s 50 day moving average is $97.19 and its two-hundred day moving average is $91.33. The company has a market capitalization of $16.45 billion, a PE ratio of -154.97, a P/E/G ratio of 2.70 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the previous year, the business earned ($0.11) EPS. Stanley Black & Decker’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts predict that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is -475.36%.

Analysts Set New Price Targets

A number of analysts have issued reports on SWK shares. Robert W. Baird raised their price target on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective on the stock. UBS Group raised their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.75.

Stanley Black & Decker Profile

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.