Mutual of America Capital Management LLC Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Mutual of America Capital Management LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,778 shares of the industrial products company’s stock after selling 672 shares during the period. Mutual of America Capital Management LLC’s holdings in Stanley Black & Decker were worth $3,437,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. LS Investment Advisors LLC acquired a new position in Stanley Black & Decker during the 2nd quarter worth $27,000. Heritage Wealth Advisors purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $27,000. Achmea Investment Management B.V. acquired a new position in shares of Stanley Black & Decker during the first quarter worth about $36,000. Tcwp LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth approximately $37,000. Finally, Clear Street Markets LLC raised its holdings in Stanley Black & Decker by 280.7% in the second quarter. Clear Street Markets LLC now owns 316 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert J. Manning bought 30,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $85.50 per share, with a total value of $2,565,000.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at approximately $2,565,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Janet Link sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $90.96, for a total value of $90,960.00. Following the completion of the sale, the senior vice president now owns 28,260 shares in the company, valued at approximately $2,570,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Manning purchased 30,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of $85.50 per share, for a total transaction of $2,565,000.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at $2,565,000. The disclosure for this purchase can be found here. 0.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on SWK shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Stanley Black & Decker from $111.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, October 13th. Wells Fargo & Company cut Stanley Black & Decker to an “equal weight” rating in a research note on Tuesday, August 9th. Wolfe Research cut Stanley Black & Decker from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Vertical Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $110.00 in a research report on Friday, July 29th. Finally, Credit Suisse Group downgraded Stanley Black & Decker from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $79.00 in a report on Friday, October 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $94.08.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $80.20 on Monday. The company’s 50 day simple moving average is $79.28 and its 200-day simple moving average is $96.88. The firm has a market cap of $11.86 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $70.24 and a 12-month high of $196.52. The company has a current ratio of 1.16, a quick ratio of 0.32 and a debt-to-equity ratio of 0.60.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. Stanley Black & Decker had a net margin of 8.44% and a return on equity of 11.77%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm posted $2.77 EPS. Stanley Black & Decker’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.44 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, November 30th. Stanley Black & Decker’s dividend payout ratio is presently 35.09%.

Stanley Black & Decker Company Profile

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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.

Further Reading

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

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