GAMMA Investing LLC Cuts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

GAMMA Investing LLC lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,217 shares of the industrial products company’s stock after selling 126 shares during the quarter. GAMMA Investing LLC’s holdings in Stanley Black & Decker were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Rise Advisors LLC lifted its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the period. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 81.4% during the second 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 period. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker in the third quarter worth approximately $59,000. Armstrong Advisory Group Inc. bought a new stake in Stanley Black & Decker in the 3rd quarter worth approximately $72,000. Finally, Sunbelt Securities Inc. raised its stake in Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after buying an additional 513 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWK. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Stanley Black & Decker Trading Down 1.3 %

Shares of Stanley Black & Decker stock opened at $81.56 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The company has a fifty day moving average of $85.89 and a 200 day moving average of $93.28. The company has a market capitalization of $12.57 billion, a P/E ratio of -59.53, a P/E/G ratio of 2.24 and a beta of 1.24. 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 issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 4.02%. Stanley Black & Decker’s payout ratio is -239.42%.

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.