American International Group Inc. Sells 344 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

American International Group Inc. cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,201 shares of the industrial products company’s stock after selling 344 shares during the quarter. American International Group Inc.’s holdings in Stanley Black & Decker were worth $3,944,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SWK. First United Bank & Trust purchased a new stake in Stanley Black & Decker in the fourth quarter worth about $25,000. Quarry LP purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $36,000. Principal Securities Inc. bought a new stake in Stanley Black & Decker during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. increased its position in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 140 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $52,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $84.34 on Monday. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of -122.23, a PEG ratio of 2.28 and a beta of 1.29. The company has a fifty day moving average of $87.23 and a 200 day moving average of $91.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm earned ($0.41) EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -469.56%.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird decreased their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.44.

Stanley Black & Decker Profile

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.