Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,670 shares of the industrial products company’s stock after selling 508 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Stanley Black & Decker were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth approximately $32,000. Quarry LP acquired a new stake in Stanley Black & Decker in the fourth quarter worth approximately $36,000. Principal Securities Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. increased its position in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares during the period. Finally, Fairman Group LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth $50,000. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $101.75.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $106.93 on Friday. The company’s fifty day moving average is $97.19 and its two-hundred day moving average is $91.33. The company has a market cap of $16.46 billion, a P/E ratio of -154.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.37. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the business earned ($0.11) EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a yield of 3.07%. Stanley Black & Decker’s payout ratio is presently -475.36%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.