M. Kraus & Co Sells 1,725 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

M. Kraus & Co lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,881 shares of the industrial products company’s stock after selling 1,725 shares during the period. Stanley Black & Decker comprises 1.4% of M. Kraus & Co’s holdings, making the stock its 26th largest position. M. Kraus & Co’s holdings in Stanley Black & Decker were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $26,000. Okabena Investment Services Inc. bought a new position in shares of Stanley Black & Decker in the 4th quarter valued at about $28,000. Bank of New Hampshire bought a new position in shares of Stanley Black & Decker in the 1st quarter valued at about $29,000. Compagnie Lombard Odier SCmA grew its holdings in shares of Stanley Black & Decker by 95.8% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Covington Capital Management acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at about $34,000. Institutional investors own 87.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SWK. Wells Fargo & Company downgraded shares of Stanley Black & Decker to an “equal weight” rating in a research note on Tuesday, August 9th. StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th. Wolfe Research downgraded shares of Stanley Black & Decker from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. The Goldman Sachs Group cut their target price on shares of Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, June 23rd. Finally, Citigroup cut their price objective on shares of Stanley Black & Decker from $110.00 to $90.00 in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.33.

Insider Activity at Stanley Black & Decker

In other news, Director Andrea J. Ayers acquired 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the purchase, the director now directly owns 15,500 shares of the company’s stock, valued at approximately $1,483,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert J. Manning bought 30,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $85.50 per share, with a total value of $2,565,000.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $2,565,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrea J. Ayers bought 15,500 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were bought at an average cost of $95.69 per share, for a total transaction of $1,483,195.00. Following the purchase, the director now owns 15,500 shares of the company’s stock, valued at approximately $1,483,195. The disclosure for this purchase can be found here. 0.93% of the stock is currently owned by insiders.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $3.94 during midday trading on Friday, reaching $76.83. The company’s stock had a trading volume of 70,280 shares, compared to its average volume of 1,444,370. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.28 and a current ratio of 0.85. Stanley Black & Decker, Inc. has a fifty-two week low of $80.63 and a fifty-two week high of $199.20. The business’s 50 day moving average price is $95.88 and its two-hundred day moving average price is $115.59. The company has a market cap of $11.36 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.68 and a beta of 1.28.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.35). The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.74 billion. Stanley Black & Decker had a net margin of 5.86% and a return on equity of 14.65%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $3.08 earnings per share. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.53 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Tuesday, September 6th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.17%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date was Friday, September 2nd. Stanley Black & Decker’s dividend payout ratio (DPR) is 51.78%.

About Stanley Black & Decker

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Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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