Benedict Financial Advisors Inc. Lowers Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Benedict Financial Advisors Inc. reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,262 shares of the industrial products company’s stock after selling 168 shares during the period. Benedict Financial Advisors Inc.’s holdings in Stanley Black & Decker were worth $690,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. grew its holdings in Stanley Black & Decker by 11.0% during the 1st quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock worth $13,454,000 after acquiring an additional 13,659 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after buying an additional 11,151 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 6.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock worth $460,000 after purchasing an additional 297 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Stanley Black & Decker by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after acquiring an additional 7,826 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Stanley Black & Decker by 196.9% in the 1st quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock worth $10,429,000 after purchasing an additional 70,625 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Robert W. Baird raised their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $106.13.

Stanley Black & Decker Stock Down 0.9 %

Shares of NYSE:SWK traded down $0.91 during trading on Friday, hitting $101.98. 933,381 shares of the company’s stock traded hands, compared to its average volume of 1,377,873. The company has a 50-day moving average price of $103.57 and a 200-day moving average price of $93.69. Stanley Black & Decker, Inc. has a 52 week low of $76.57 and a 52 week high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a market cap of $15.70 billion, a price-to-earnings ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -169.07%.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.