Mutual of America Capital Management LLC Sells 29,693 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mutual of America Capital Management LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 60.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,412 shares of the industrial products company’s stock after selling 29,693 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Stanley Black & Decker were worth $1,551,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SWK. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker during the second quarter worth $32,000. Quarry LP bought a new position in Stanley Black & Decker during the 4th quarter worth $36,000. Brown Brothers Harriman & Co. grew its position in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $50,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $52,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SWK shares. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. UBS Group raised their target price 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. Finally, Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $108.33 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $98.27 and a two-hundred day simple moving average of $91.68. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.47. The firm has a market capitalization of $16.67 billion, a PE ratio of -155.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24.

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

Stanley Black & Decker Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 3.03%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Insider Activity at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Company 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.