DNB Asset Management AS Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

DNB Asset Management AS lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 52.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,736 shares of the industrial products company’s stock after selling 38,748 shares during the quarter. DNB Asset Management AS’s holdings in Stanley Black & Decker were worth $3,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its stake in shares of Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after acquiring an additional 96 shares during the period. Kinneret Advisory LLC raised its holdings in shares of Stanley Black & Decker by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its position in Stanley Black & Decker by 15.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 102 shares in the last quarter. Cetera Investment Advisers grew its position in Stanley Black & Decker by 4.5% in the first quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 112 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in Stanley Black & Decker by 4.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock worth $503,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Stanley Black & Decker Trading Down 0.0 %

Stanley Black & Decker stock opened at $83.68 on Tuesday. The firm has a 50-day moving average price of $93.45 and a two-hundred day moving average price of $86.75. Stanley Black & Decker, Inc. has a 52-week low of $70.24 and a 52-week high of $104.21. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 5.51 and a beta of 1.37. The company has a quick ratio of 0.42, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.25. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.14 billion. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 1 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Friday, September 1st. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.80. Stanley Black & Decker’s dividend payout ratio is currently 63.78%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,081 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the completion of the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at $3,228,464.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWK. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Citigroup raised their price objective on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Mizuho increased their price target on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Robert W. Baird upped their price objective on Stanley Black & Decker from $85.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $97.36.

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Stanley Black & Decker Profile

(Free Report)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.