Hartford Investment Management Co. Sells 112 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Hartford Investment Management Co. lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 9,642 shares of the industrial products company’s stock after selling 112 shares during the quarter. Hartford Investment Management Co.’s holdings in Stanley Black & Decker were worth $1,062,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SWK. Price T Rowe Associates Inc. MD boosted its position in 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 acquiring an additional 1,250,925 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the last quarter. Sabal Trust CO acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $19,878,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Stanley Black & Decker by 8.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after purchasing an additional 212,103 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 161.6% during the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after purchasing an additional 137,058 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. UBS Group upped their price objective 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. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped 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, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $106.13.

Stanley Black & Decker Trading Down 0.9 %

SWK opened at $101.98 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The firm has a market capitalization of $15.70 billion, a PE ratio of -52.57, a P/E/G ratio of 2.78 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88. The company’s 50-day moving average is $103.47 and its 200 day moving average is $93.64.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data 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. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.22%. Stanley Black & Decker’s dividend payout ratio (DPR) is -169.07%.

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.