Cooke & Bieler LP Trims Position in Stanley Black & Decker, Inc. $SWK

Cooke & Bieler LP lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,388,937 shares of the industrial products company’s stock after selling 26,966 shares during the quarter. Cooke & Bieler LP’s holdings in Stanley Black & Decker were worth $94,100,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. Golden State Wealth Management LLC boosted its stake in Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after buying an additional 296 shares during the last quarter. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $25,000. TD Private Client Wealth LLC increased its position in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 382 shares during the last quarter. Finally, Garde Capital Inc. raised its stake in Stanley Black & Decker by 160.5% during 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 period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SWK shares. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Trading Down 1.4%

NYSE:SWK opened at $67.64 on Friday. The business’s 50-day moving average is $73.24 and its two-hundred day moving average is $69.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $96.75. The firm has a market capitalization of $10.47 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 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 16th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 105.40%.

Stanley Black & Decker 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.