Pache.co Information Technologies

US Bancorp DE trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,867 shares of the industrial products company’s stock after selling 12,374 shares during the quarter. US Bancorp DE’s holdings in Stanley Black & Decker were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 purchasing an additional 2,774,661 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Stanley Black & Decker by 741.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,031,238 shares of the industrial products company’s stock valued at $212,996,000 after purchasing an additional 1,789,905 shares in the last quarter. Greenhaven Associates Inc. increased its stake in Stanley Black & Decker by 614.7% during the 2nd quarter. Greenhaven Associates Inc. now owns 1,321,002 shares of the industrial products company’s stock valued at $138,520,000 after purchasing an additional 1,136,179 shares in the last quarter. Cooke & Bieler LP increased its stake in Stanley Black & Decker by 74.5% during the 2nd quarter. Cooke & Bieler LP now owns 2,235,751 shares of the industrial products company’s stock valued at $234,441,000 after purchasing an additional 954,535 shares in the last quarter. Finally, Clean Energy Transition LLP bought a new stake in Stanley Black & Decker during the 2nd quarter valued at about $68,543,000. 88.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, CFO Corbin Walburger sold 5,248 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $80.80, for a total transaction of $424,038.40. Following the transaction, the chief financial officer now owns 17,993 shares of the company’s stock, valued at $1,453,834.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker (NYSE:SWK – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. 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 quarter last year, the firm posted $2.77 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.44 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Thursday, December 1st were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.60%. The ex-dividend date was Wednesday, November 30th. Stanley Black & Decker’s dividend payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of Stanley Black & Decker from $96.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, January 5th. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, January 6th. Robert W. Baird lowered shares of Stanley Black & Decker from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $80.00 in a research note on Friday, October 28th. Citigroup reduced their price target on shares of Stanley Black & Decker from $90.00 to $69.00 in a research note on Monday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced 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 research note on Thursday, October 13th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.42.

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.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating).

Receive News & Ratings for Stanley Black & Decker Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Stanley Black & Decker and related companies with MarketBeat.com’s FREE daily email newsletter.