Romano Brothers AND Company Reduces Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Romano Brothers AND Company lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,149 shares of the industrial products company’s stock after selling 1,985 shares during the period. Romano Brothers AND Company’s holdings in Stanley Black & Decker were worth $2,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Stanley Black & Decker by 0.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 113,519 shares of the industrial products company’s stock valued at $8,528,000 after acquiring an additional 396 shares in the last quarter. Commerce Bank raised its holdings in shares of Stanley Black & Decker by 4.3% in the 1st quarter. Commerce Bank now owns 5,787 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 236 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Stanley Black & Decker by 25.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,802 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 965 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Stanley Black & Decker by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 183,114 shares of the industrial products company’s stock valued at $14,755,000 after purchasing an additional 23,540 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Stanley Black & Decker by 1,147.1% during the 4th quarter. Voya Investment Management LLC now owns 634,357 shares of the industrial products company’s stock valued at $47,653,000 after purchasing an additional 583,489 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 3,081 shares of Stanley Black & Decker stock in a transaction on Monday, August 7th. The stock was sold at an average price of $98.76, for a total transaction of $304,279.56. Following the completion of the transaction, the senior vice president now owns 32,690 shares in the company, valued at $3,228,464.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Stanley Black & Decker Trading Down 1.2 %

Shares of SWK stock traded down $1.01 during trading hours on Tuesday, reaching $86.04. The company’s stock had a trading volume of 376,868 shares, compared to its average volume of 1,646,053. The stock has a market capitalization of $13.18 billion, a P/E ratio of 16.96, a P/E/G ratio of 5.79 and a beta of 1.37. Stanley Black & Decker, Inc. has a one year low of $70.24 and a one year high of $104.21. The firm’s fifty day simple moving average is $94.48 and its 200 day simple moving average is $86.74. The company has a current ratio of 1.28, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

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

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Tuesday, September 5th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, September 1st. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.80. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 63.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $90.00 to $95.00 in a research report on Monday, July 10th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. StockNews.com lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Citigroup increased their price objective on Stanley Black & Decker from $98.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Wolfe Research lowered Stanley Black & Decker from a “peer perform” rating to an “underperform” rating and set a $94.00 price objective on the stock. in a research report on Friday, August 11th. Two research 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.com, the stock has an average rating of “Hold” and a consensus target price of $97.36.

About Stanley Black & Decker

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.