Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,449 shares of the industrial products company’s stock after selling 775 shares during the period. Sage Capital Advisors llc’s holdings in Stanley Black & Decker were worth $2,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc increased its stake in Stanley Black & Decker by 2.3% in the second quarter. TD Asset Management Inc now owns 58,361 shares of the industrial products company’s stock valued at $4,662,000 after purchasing an additional 1,290 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Stanley Black & Decker by 49.0% in the 2nd quarter. Victory Capital Management Inc. now owns 104,130 shares of the industrial products company’s stock valued at $8,319,000 after buying an additional 34,234 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth $373,000. PFG Investments LLC boosted its stake in Stanley Black & Decker by 10.0% in the second quarter. PFG Investments LLC now owns 3,974 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 362 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Stanley Black & Decker by 6.8% during the second quarter. Wedbush Securities Inc. now owns 6,936 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 444 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

NYSE SWK traded down $1.46 during trading hours on Friday, reaching $80.10. The company’s stock had a trading volume of 631,724 shares, compared to its average volume of 1,161,121. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a market cap of $12.35 billion, a PE ratio of -58.47, a PEG ratio of 2.24 and a beta of 1.24. The company’s 50-day moving average is $85.41 and its two-hundred day moving average is $93.12. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s payout ratio is currently -239.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SWK shares. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird lowered their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.25.

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.