Elo Mutual Pension Insurance Co Sells 917 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Elo Mutual Pension Insurance Co lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,091 shares of the industrial products company’s stock after selling 917 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Stanley Black & Decker were worth $1,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock valued at $218,399,000 after buying an additional 212,103 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after buying an additional 267,013 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after acquiring an additional 69,850 shares during the last quarter. Finally, Norges Bank purchased a new position in Stanley Black & Decker during the fourth quarter valued at $133,952,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SWK. Barclays boosted their price target on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Morgan Stanley initiated coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Robert W. Baird raised their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, UBS Group upped their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.75.

Insiders Place Their Bets

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

Stanley Black & Decker Trading Down 1.0 %

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

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

Stanley Black & Decker Increases Dividend

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