American Capital Advisory LLC Sells 281 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

American Capital Advisory LLC lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 16.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,442 shares of the industrial products company’s stock after selling 281 shares during the period. American Capital Advisory LLC’s holdings in Stanley Black & Decker were worth $159,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $218,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Stanley Black & Decker during the third quarter worth $268,000. Greenwood Capital Associates LLC increased its holdings in shares of Stanley Black & Decker by 1.4% during the third quarter. Greenwood Capital Associates LLC now owns 12,087 shares of the industrial products company’s stock worth $1,331,000 after buying an additional 168 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Stanley Black & Decker by 11.1% during the 3rd quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company’s stock valued at $45,315,000 after acquiring an additional 41,043 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Stanley Black & Decker by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 3,301 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 226 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Barclays increased their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Down 4.7 %

NYSE SWK traded down $4.53 during trading on Wednesday, hitting $92.17. 1,498,029 shares of the company’s stock traded hands, compared to its average volume of 1,410,913. The business has a 50 day moving average of $103.08 and a 200-day moving average of $93.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.56%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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.