Mather Group LLC. Sells 133,394 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mather Group LLC. decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 95.1% in the second quarter, Holdings Channel reports. The firm owned 6,814 shares of the industrial products company’s stock after selling 133,394 shares during the quarter. Mather Group LLC.’s holdings in Stanley Black & Decker were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of Stanley Black & Decker by 0.8% in the fourth quarter. Arizona State Retirement System now owns 42,113 shares of the industrial products company’s stock worth $4,131,000 after buying an additional 333 shares during the last quarter. Private Trust Co. NA increased its holdings in Stanley Black & Decker by 34.5% in the 4th quarter. Private Trust Co. NA now owns 2,497 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 641 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Stanley Black & Decker by 14.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 83,741 shares of the industrial products company’s stock valued at $8,289,000 after acquiring an additional 10,424 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its position in Stanley Black & Decker by 0.3% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 86,606 shares of the industrial products company’s stock worth $8,496,000 after acquiring an additional 250 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Stanley Black & Decker by 9,029.0% during the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after acquiring an additional 416,689 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE:SWK traded up $0.54 during trading hours on Tuesday, hitting $96.25. 1,176,359 shares of the stock were exchanged, compared to its average volume of 1,490,154. The company has a market cap of $14.81 billion, a P/E ratio of -139.51, a P/E/G ratio of 2.68 and a beta of 1.25. The firm’s fifty day moving average price is $86.45 and its 200 day moving average price is $89.33. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.15. The company has a current ratio of 1.27, a quick ratio of 0.40 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the company earned ($0.11) EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.82 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.41%. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of several research analyst reports. UBS Group lifted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday. Wells Fargo & Company upped their target price on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $100.13.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.