Crossmark Global Holdings Inc. Sells 830 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Crossmark Global Holdings Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,969 shares of the industrial products company’s stock after selling 830 shares during the period. Crossmark Global Holdings Inc.’s holdings in Stanley Black & Decker were worth $548,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Stanley Black & Decker by 60.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after acquiring an additional 11,151 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Stanley Black & Decker by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after acquiring an additional 7,826 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Stanley Black & Decker by 196.9% during the 1st quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock valued at $10,429,000 after acquiring an additional 70,625 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Stanley Black & Decker by 12.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock valued at $6,176,000 after acquiring an additional 8,805 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in Stanley Black & Decker by 252.2% during the 1st quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 9,323 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. 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 research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Down 0.4 %

Shares of SWK opened at $85.45 on Friday. The business has a 50-day moving average of $101.22 and a 200 day moving average of $93.78. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a market cap of $13.17 billion, a P/E ratio of -62.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.84%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

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.