Stanley Black & Decker, Inc. $SWK Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 27.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,119 shares of the industrial products company’s stock after selling 1,548 shares during the quarter. Moors & Cabot Inc.’s holdings in Stanley Black & Decker were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Princeton Global Asset Management LLC acquired a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $25,000. 1248 Management LLC bought a new stake in Stanley Black & Decker in the first quarter valued at $26,000. TD Private Client Wealth LLC boosted its holdings in shares of 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 valued at $33,000 after acquiring an additional 382 shares during the period. Garde Capital Inc. grew its position in shares of 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 acquiring an additional 321 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth about $59,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. UBS Group raised their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Robert W. Baird raised their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $68.21 on Friday. The stock’s 50 day moving average price is $72.47 and its 200 day moving average price is $69.91. 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 stock has a market cap of $10.56 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.46 and a beta of 1.21. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $93.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (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%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

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.