Tompkins Financial Corp Sells 1,300 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Tompkins Financial Corp lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 52.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,190 shares of the industrial products company’s stock after selling 1,300 shares during the period. Tompkins Financial Corp’s holdings in Stanley Black & Decker were worth $131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWK. Mirae Asset Global Investments Co. Ltd. raised its position in Stanley Black & Decker by 6.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock worth $2,819,000 after purchasing an additional 1,776 shares in the last quarter. Empirical Finance LLC grew its position in Stanley Black & Decker by 3.5% in the first quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 190 shares during the period. Empowered Funds LLC raised its stake in Stanley Black & Decker by 23.7% during the first quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 618 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Stanley Black & Decker by 99.6% in the 1st quarter. SG Americas Securities LLC now owns 16,295 shares of the industrial products company’s stock valued at $1,596,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Stanley Black & Decker by 3.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,178 shares of the industrial products company’s stock worth $703,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.9 %

Shares of NYSE:SWK opened at $90.17 on Friday. The company has a 50 day moving average of $102.48 and a 200-day moving average of $93.89. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of -65.82, a P/E/G ratio of 2.47 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.64%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Analysts Set New Price Targets

Several analysts have weighed in on SWK shares. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays lifted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker 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.