Douglas Lane & Associates LLC Sells 53,592 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Douglas Lane & Associates LLC reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 32.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 109,316 shares of the industrial products company’s stock after selling 53,592 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Stanley Black & Decker were worth $12,039,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $36,000. AlphaMark Advisors LLC bought a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $32,000. Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC raised its stake in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Stanley Black & Decker by 27.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 141 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 1.0 %

Shares of NYSE SWK opened at $107.96 on Monday. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company has a market cap of $16.62 billion, a price-to-earnings ratio of -55.65, a price-to-earnings-growth ratio of 2.84 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $76.57 and a 12-month high of $110.88. The firm’s 50-day simple moving average is $101.59 and its 200 day simple moving average is $93.00.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the firm earned ($0.11) earnings per share. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is -169.07%.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley began coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays increased their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. 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 research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $103.13.

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.