Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by AIA Group Ltd

AIA Group Ltd reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 62.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,225 shares of the industrial products company’s stock after selling 6,930 shares during the period. AIA Group Ltd’s holdings in Stanley Black & Decker were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SWK. Rise Advisors LLC grew its holdings in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC bought a new stake in Stanley Black & Decker during the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter worth approximately $59,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. UBS Group boosted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK opened at $90.17 on Friday. The business’s 50-day moving average is $102.48 and its 200-day moving average is $93.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of -65.82, a P/E/G ratio of 2.47 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is currently -239.42%.

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.