Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Ariel Investments LLC

Ariel Investments LLC cut its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,494 shares of the industrial products company’s stock after selling 25,514 shares during the period. Ariel Investments LLC owned 0.36% of Stanley Black & Decker worth $43,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth approximately $32,000. Quarry LP acquired a new position in Stanley Black & Decker during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares during the last quarter. Finally, Fairman Group LLC acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $50,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $105.58 on Thursday. The stock’s 50-day moving average is $97.95 and its two-hundred day moving average is $91.58. The company has a market cap of $16.25 billion, a price-to-earnings ratio of -153.01, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $108.37. 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 released 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. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. Analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.82 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.11%. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several recent analyst reports. UBS Group upped their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays upped their price target on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective 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 research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $101.75.

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.