Lincoln Capital Corp Invests $3.13 Million in Stanley Black & Decker, Inc. (NYSE:SWK)

Lincoln Capital Corp bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,917 shares of the industrial products company’s stock, valued at approximately $3,126,000. Stanley Black & Decker makes up approximately 1.4% of Lincoln Capital Corp’s holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. M&T Bank Corp raised its stake in Stanley Black & Decker by 0.3% in the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after acquiring an additional 113 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank lifted its holdings in shares of Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after purchasing an additional 124 shares during the period. Brown Brothers Harriman & Co. boosted its position in Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. Finally, Kinloch Capital LLC increased its holdings in Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after buying an additional 141 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SWK shares. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Finally, Robert W. Baird reduced their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $95.44.

Stanley Black & Decker Trading Down 1.9 %

Shares of SWK stock traded down $1.52 during mid-day trading on Friday, hitting $79.93. 858,718 shares of the stock were exchanged, compared to its average volume of 1,388,896. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $104.21. The firm has a fifty day moving average of $86.79 and a 200 day moving average of $91.04.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. Stanley Black & Decker’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.41) earnings per share. Analysts predict that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 4.05%. The ex-dividend date was Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -469.56%.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

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.