Quantbot Technologies LP Sells 817 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Quantbot Technologies LP decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,454 shares of the industrial products company’s stock after selling 817 shares during the period. Quantbot Technologies LP’s holdings in Stanley Black & Decker were worth $1,151,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SWK. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after buying an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Cooke & Bieler LP raised its holdings in Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after acquiring an additional 69,850 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Stanley Black & Decker by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock valued at $113,457,000 after purchasing an additional 12,305 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $89.45 on Friday. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of -65.29, a PEG ratio of 2.42 and a beta of 1.25. The stock’s 50 day moving average is $98.65 and its 200-day moving average is $93.82. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the business earned $1.05 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.67%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Analysts Set New Price Targets

SWK has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Company Profile

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.