Douglas Lane & Associates LLC Has $13.02 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Douglas Lane & Associates LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 162,908 shares of the industrial products company’s stock after selling 14,738 shares during the period. Douglas Lane & Associates LLC’s holdings in Stanley Black & Decker were worth $13,015,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new stake in Stanley Black & Decker during the fourth quarter worth about $133,952,000. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Stanley Black & Decker by 9,029.0% during the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after purchasing an additional 416,689 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $32,679,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $12,992,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $0.54 during midday trading on Tuesday, reaching $96.25. The stock had a trading volume of 1,176,359 shares, compared to its average volume of 1,490,154. The firm has a 50 day simple moving average of $86.45 and a 200-day simple moving average of $89.33. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15. The firm has a market cap of $14.81 billion, a PE ratio of -139.51, a P/E/G ratio of 2.68 and a beta of 1.25. The company has a current ratio of 1.27, a quick ratio of 0.40 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm posted ($0.11) EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.09 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday. Robert W. Baird increased their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Barclays raised their price objective on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $100.13.

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.