Cooke & Bieler LP Lowers Stock Position in Stanley Black & Decker, Inc. $SWK

Cooke & Bieler LP cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,937 shares of the industrial products company’s stock after selling 26,966 shares during the quarter. Cooke & Bieler LP owned 0.90% of Stanley Black & Decker worth $94,100,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after purchasing an additional 1,326,113 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company’s stock worth $239,805,000 after purchasing an additional 20,742 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stanley Black & Decker by 29.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock worth $201,497,000 after buying an additional 601,667 shares in the last quarter. Northern Trust Corp boosted its holdings in Stanley Black & Decker by 9.2% during the first quarter. Northern Trust Corp now owns 1,571,420 shares of the industrial products company’s stock worth $120,811,000 after buying an additional 132,509 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Stanley Black & Decker by 3.0% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock worth $104,224,000 after buying an additional 45,107 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK stock opened at $67.64 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $96.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The stock’s 50 day moving average price is $73.24 and its 200 day moving average price is $69.47. The firm has a market cap of $10.47 billion, a P/E ratio of 21.47, a PEG ratio of 1.46 and a beta of 1.19.

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

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 105.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SWK shares. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Profile

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.