Vontobel Holding Ltd. Sells 1,140 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Vontobel Holding Ltd. trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 35.8% in the 3rd quarter, Holdings Channel reports. The fund owned 2,042 shares of the industrial products company’s stock after selling 1,140 shares during the quarter. Vontobel Holding Ltd.’s holdings in Stanley Black & Decker were worth $225,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Stanley Black & Decker by 4.7% in the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Stanley Black & Decker by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after purchasing an additional 100 shares in the last quarter. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Stanley Black & Decker by 27.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 141 shares in the last quarter. Finally, Copperwynd Financial LLC raised its holdings in Stanley Black & Decker by 7.1% in the second quarter. Copperwynd Financial LLC now owns 2,316 shares of the industrial products company’s stock worth $185,000 after buying an additional 153 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price on the stock. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $106.13.

Insiders Place Their Bets

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

Stanley Black & Decker Stock Down 1.5 %

SWK stock opened at $103.28 on Thursday. The company has a market cap of $15.89 billion, a price-to-earnings ratio of -149.68, a P/E/G ratio of 2.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The business’s 50-day moving average is $103.35 and its two-hundred day moving average is $93.58. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.18%. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

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.