Webster Bank N. A. Has $243,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Webster Bank N. A. trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,204 shares of the industrial products company’s stock after selling 243 shares during the quarter. Webster Bank N. A.’s holdings in Stanley Black & Decker were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth about $32,000. Quarry LP acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Fairman Group LLC bought a new position in Stanley Black & Decker during the 4th quarter worth about $50,000. Finally, Summit Securities Group LLC bought a new stake in shares of Stanley Black & Decker in the second quarter valued at about $56,000. 87.77% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $107.96 on Monday. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of -55.65, a PEG ratio of 2.84 and a beta of 1.24. The stock’s 50 day moving average is $101.59 and its 200-day moving average is $93.00. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $76.57 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.04%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date was Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -169.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Barclays boosted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.13.

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.