Regents Gate Capital LLP Lowers Stock Position in Stanley Black & Decker, Inc. $SWK

Regents Gate Capital LLP cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 94.5% during the second quarter, Holdings Channel.com reports. The fund owned 3,015 shares of the industrial products company’s stock after selling 52,257 shares during the period. Regents Gate Capital LLP’s holdings in Stanley Black & Decker were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Vest Financial LLC lifted its holdings in Stanley Black & Decker by 46.4% during the second quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock valued at $61,189,000 after purchasing an additional 286,331 shares in the last quarter. Rempart Asset Management Inc. raised its position in shares of Stanley Black & Decker by 22.5% during the 2nd quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock worth $10,617,000 after purchasing an additional 28,826 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in Stanley Black & Decker by 3.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock valued at $104,224,000 after buying an additional 45,107 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Stanley Black & Decker by 474.4% in the 2nd quarter. Nordea Investment Management AB now owns 89,582 shares of the industrial products company’s stock worth $6,077,000 after buying an additional 73,987 shares during the last quarter. Finally, Martin Capital Partners LLC acquired a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $507,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $67.64 on Friday. The firm’s 50-day moving average is $73.24 and its two-hundred day moving average is $69.54. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $96.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company 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 results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The firm had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 105.40%.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Finally, Morgan Stanley reissued a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $88.10.

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.