Sage Capital Advisors llc Sells 775 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sage Capital Advisors llc trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,449 shares of the industrial products company’s stock after selling 775 shares during the period. Sage Capital Advisors llc’s holdings in Stanley Black & Decker were worth $2,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SWK. TD Asset Management Inc boosted its stake in shares of Stanley Black & Decker by 2.3% during the 2nd quarter. TD Asset Management Inc now owns 58,361 shares of the industrial products company’s stock worth $4,662,000 after purchasing an additional 1,290 shares during the period. Victory Capital Management Inc. increased its position in shares of Stanley Black & Decker by 49.0% during the second quarter. Victory Capital Management Inc. now owns 104,130 shares of the industrial products company’s stock worth $8,319,000 after purchasing an additional 34,234 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth about $373,000. PFG Investments LLC raised its holdings in shares of Stanley Black & Decker by 10.0% in the second quarter. PFG Investments LLC now owns 3,974 shares of the industrial products company’s stock worth $317,000 after buying an additional 362 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in Stanley Black & Decker by 6.8% during the 2nd quarter. Wedbush Securities Inc. now owns 6,936 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 444 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Trading Down 1.8 %

NYSE:SWK traded down $1.46 on Friday, reaching $80.10. The company’s stock had a trading volume of 631,724 shares, compared to its average volume of 1,161,121. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a 50 day moving average price of $85.41 and a 200 day moving average price of $93.12. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of -58.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results 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. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 4.09%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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.