Stanley Black & Decker, Inc. (SWK) Position Cut by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,783 shares of the industrial products company’s stock after selling 2,298 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Stanley Black & Decker were worth $3,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its stake in Stanley Black & Decker by 0.4% during the 2nd quarter. BlackRock Inc. now owns 9,874,426 shares of the industrial products company’s stock valued at $1,311,421,000 after purchasing an additional 42,626 shares during the period. Wells Fargo & Company MN raised its stake in Stanley Black & Decker by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 4,841,927 shares of the industrial products company’s stock valued at $709,052,000 after purchasing an additional 548,025 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Stanley Black & Decker by 25.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after purchasing an additional 974,556 shares during the period. Janus Henderson Group PLC raised its stake in Stanley Black & Decker by 71.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after purchasing an additional 758,031 shares during the period. Finally, Morgan Stanley raised its stake in Stanley Black & Decker by 5.9% during the 2nd quarter. Morgan Stanley now owns 1,478,639 shares of the industrial products company’s stock valued at $196,378,000 after purchasing an additional 82,403 shares during the period. 84.86% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on SWK. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Morgan Stanley began coverage on Stanley Black & Decker in a research note on Monday, August 20th. They issued an “overweight” rating and a $164.00 price objective on the stock. Gabelli raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Monday, October 22nd. Macquarie reduced their price objective on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. Finally, Barclays reduced their price objective on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $165.00.

NYSE SWK opened at $123.78 on Tuesday. The company has a market cap of $18.77 billion, a PE ratio of 15.11, a P/E/G ratio of 1.63 and a beta of 1.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.92. Stanley Black & Decker, Inc. has a fifty-two week low of $106.41 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.59 billion. Stanley Black & Decker had a return on equity of 16.71% and a net margin of 7.22%. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

In related news, Director Michael David Hankin bought 907 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $112.93 per share, with a total value of $102,427.51. Following the transaction, the director now owns 2,157 shares in the company, valued at approximately $243,590.01. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jocelyn Belisle sold 1,185 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $139.04, for a total value of $164,762.40. Following the transaction, the vice president now directly owns 12,766 shares in the company, valued at approximately $1,774,984.64. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

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About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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