Bessemer Group Inc. Sells 5,518 Shares of Stanley Black & Decker, Inc. $SWK

Bessemer Group Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 38.8% in the second quarter, Holdings Channel.com reports. The fund owned 8,693 shares of the industrial products company’s stock after selling 5,518 shares during the quarter. Bessemer Group Inc.’s holdings in Stanley Black & Decker were worth $588,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SWK. Ameriprise Financial Inc. boosted its position in shares of Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock valued at $272,294,000 after acquiring an additional 1,326,113 shares during the period. Vulcan Value Partners LLC bought a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $72,063,000. Clean Energy Transition LLP boosted its position in shares of Stanley Black & Decker by 85.2% in the first quarter. Clean Energy Transition LLP now owns 1,373,433 shares of the industrial products company’s stock valued at $105,590,000 after acquiring an additional 632,029 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Stanley Black & Decker by 29.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock valued at $201,497,000 after acquiring an additional 601,667 shares during the period. Finally, Wilsey Asset Management Inc. bought a new stake in Stanley Black & Decker during the second quarter valued at approximately $34,293,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 1.4%

Shares of NYSE SWK opened at $67.64 on Friday. 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, Inc. has a 52 week low of $53.91 and a 52 week high of $96.75. The firm’s fifty day moving average is $73.24 and its 200 day moving average is $69.54. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.46 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.72 billion for the quarter. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share 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. Investors of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is presently 105.40%.

Analyst Upgrades and Downgrades

SWK has been the subject of several research analyst reports. Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Morgan Stanley reiterated a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $88.10.

About Stanley Black & Decker

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.