Northwestern Mutual Wealth Management Co. Has $625,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Northwestern Mutual Wealth Management Co. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,817 shares of the industrial products company’s stock after selling 459 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Stanley Black & Decker were worth $625,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the 2nd quarter valued at $32,000. Fairman Group LLC bought a new position in Stanley Black & Decker in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC raised its position in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Stanley Black & Decker in the 4th quarter valued at $52,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on SWK shares. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday. Morgan Stanley initiated coverage on Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price for the company. UBS Group lifted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $101.50.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Down 1.0 %

Shares of Stanley Black & Decker stock opened at $106.35 on Tuesday. 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, Inc. has a 12 month low of $76.57 and a 12 month high of $110.88. The business has a fifty day simple moving average of $101.07 and a 200 day simple moving average of $92.59. The stock has a market cap of $16.37 billion, a PE ratio of -154.13, a price-to-earnings-growth ratio of 2.88 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.08%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. 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.