Savant Capital LLC Sells 15,591 Shares of Stanley Black & Decker, Inc. $SWK

Savant Capital LLC reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 79.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,141 shares of the industrial products company’s stock after selling 15,591 shares during the period. Savant Capital LLC’s holdings in Stanley Black & Decker were worth $281,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SWK. Allen Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 0.9% during the 2nd quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 160 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Stanley Black & Decker by 15.0% during the second quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 171 shares during the period. D.A. Davidson & CO. boosted its position in Stanley Black & Decker by 2.4% in the second quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 172 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 174 shares during the period. Finally, RB Capital Management LLC increased its position in shares of Stanley Black & Decker by 1.8% during the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock valued at $764,000 after purchasing an additional 175 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Morgan Stanley reissued a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Barclays dropped their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, UBS Group raised their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $62.86 on Wednesday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $93.63. The stock has a market capitalization of $9.74 billion, a P/E ratio of 19.96, a PEG ratio of 1.46 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $71.20 and its 200 day moving average is $70.24.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion for the quarter. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 5.3%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 114.88%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.