Richelieu Gestion SA Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Richelieu Gestion SA lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,217 shares of the industrial products company’s stock after selling 2,881 shares during the quarter. Stanley Black & Decker accounts for 2.4% of Richelieu Gestion SA’s investment portfolio, making the stock its 19th biggest position. Richelieu Gestion SA’s holdings in Stanley Black & Decker were worth $2,832,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Stanley Black & Decker by 71.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,938,311 shares of the industrial products company’s stock valued at $971,926,000 after acquiring an additional 5,384,051 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Stanley Black & Decker by 113,894.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock worth $360,943,000 after buying an additional 4,800,671 shares during the period. Vanguard Group Inc. raised its holdings in Stanley Black & Decker by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after buying an additional 2,774,661 shares during the last quarter. Norges Bank bought a new position in Stanley Black & Decker during the 4th quarter valued at approximately $78,260,000. Finally, State Street Corp increased its stake in shares of Stanley Black & Decker by 8.0% during the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock valued at $949,648,000 after buying an additional 874,617 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 3,081 shares of Stanley Black & Decker stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $98.76, for a total transaction of $304,279.56. Following the transaction, the senior vice president now directly owns 32,690 shares of the company’s stock, valued at approximately $3,228,464.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SWK shares. StockNews.com lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. UBS Group increased their target price on Stanley Black & Decker from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $90.00 to $95.00 in a research report on Monday, July 10th. Morgan Stanley increased their price objective on Stanley Black & Decker from $90.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Finally, Citigroup upped their target price on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $97.36.

Stanley Black & Decker Stock Performance

SWK traded down $0.54 during midday trading on Monday, hitting $87.43. 505,237 shares of the company traded hands, compared to its average volume of 1,648,808. The company’s 50-day moving average is $94.48 and its 200 day moving average is $86.74. Stanley Black & Decker, Inc. has a 52 week low of $70.24 and a 52 week high of $104.21. The firm has a market capitalization of $13.40 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 5.77 and a beta of 1.37. The company has a quick ratio of 0.42, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.25. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. On average, research analysts expect that Stanley Black & Decker, Inc. will post 1 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be given a $0.81 dividend. The ex-dividend date of this dividend is Friday, September 1st. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.80. This represents a $3.24 annualized dividend and a yield of 3.71%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 63.78%.

Stanley Black & Decker Profile

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.