American Capital Advisory LLC Trims Stock Holdings in Stanley Black & Decker, Inc. $SWK

American Capital Advisory LLC trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 70.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423 shares of the industrial products company’s stock after selling 1,021 shares during the quarter. American Capital Advisory LLC’s holdings in Stanley Black & Decker were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in shares of Stanley Black & Decker by 59.8% in the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after buying an additional 1,326,113 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Stanley Black & Decker by 0.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,119,211 shares of the industrial products company’s stock worth $239,805,000 after buying an additional 20,742 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Stanley Black & Decker by 29.8% in 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 during the period. Northern Trust Corp raised its holdings in shares of Stanley Black & Decker by 9.2% in 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 during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Stanley Black & Decker by 3.0% in 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 during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 2.1%

Shares of NYSE SWK opened at $66.32 on Tuesday. 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 stock has a market capitalization of $10.27 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. The stock’s fifty day simple moving average is $73.04 and its two-hundred day simple moving average is $69.69. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $96.75.

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

Stanley Black & Decker Dividend Announcement

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 given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 105.40%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SWK. Robert W. Baird increased their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Morgan Stanley reissued a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.10.

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.