Savant Capital LLC Sells 15,591 Shares of Stanley Black & Decker, Inc. $SWK

Savant Capital LLC reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 79.0% in the second quarter, Holdings Channel reports. The firm owned 4,141 shares of the industrial products company’s stock after selling 15,591 shares during the period. Savant Capital LLC’s holdings in Stanley Black & Decker were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new position in Stanley Black & Decker during the second quarter worth about $25,000. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker during the first quarter worth about $26,000. Garde Capital Inc. increased its position in shares of Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $59,000. Finally, Assetmark Inc. grew its stake in Stanley Black & Decker by 357.9% in the 2nd quarter. Assetmark Inc. now owns 902 shares of the industrial products company’s stock worth $61,000 after buying an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $62.86 on Wednesday. The company has a 50-day simple moving average of $71.20 and a two-hundred day simple moving average of $70.24. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $93.63. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.46 and a beta of 1.21. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The company had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be issued a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 5.3%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Barclays lowered their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Morgan Stanley reiterated a “positive” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.