Stanley Black & Decker, Inc. $SWK Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,884,304 shares of the industrial products company’s stock after selling 269,891 shares during the quarter. ProShare Advisors LLC’s holdings in Stanley Black & Decker were worth $166,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SWK. Cidel Asset Management Inc. purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $281,000. Americana Partners LLC boosted its holdings in Stanley Black & Decker by 1.9% in the 3rd quarter. Americana Partners LLC now owns 120,150 shares of the industrial products company’s stock worth $10,644,000 after buying an additional 2,188 shares during the period. State of Wyoming increased its position in Stanley Black & Decker by 110.5% in the third quarter. State of Wyoming now owns 5,788 shares of the industrial products company’s stock worth $513,000 after purchasing an additional 3,039 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Stanley Black & Decker by 43.1% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 67,350 shares of the industrial products company’s stock valued at $5,967,000 after acquiring an additional 20,300 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth approximately $280,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SWK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stanley Black & Decker in a research note on Thursday. Wall Street Zen cut shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $93.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 29th. Citigroup upped their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $94.11.

View Our Latest Stock Report on Stanley Black & Decker

Stanley Black & Decker Trading Down 0.2%

Shares of SWK stock opened at $103.42 on Friday. The stock has a market capitalization of $15.62 billion, a PE ratio of 25.22, a P/E/G ratio of 1.53 and a beta of 1.17. The business has a 50-day moving average of $93.44 and a 200 day moving average of $85.60. Stanley Black & Decker, Inc. has a 1-year low of $61.90 and a 1-year high of $105.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.43 and a quick ratio of 0.55.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.36. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.59 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Tuesday, December 1st will be issued a $0.84 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $3.36 dividend on an annualized basis and a yield of 3.2%. Stanley Black & Decker’s payout ratio is currently 81.95%.

About Stanley Black & Decker

(Free Report)

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.

Further Reading

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK – Free Report).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.