ICA Group Wealth Management LLC Has $46,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

ICA Group Wealth Management LLC decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 74.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 579 shares of the industrial products company’s stock after selling 1,682 shares during the period. ICA Group Wealth Management LLC’s holdings in Stanley Black & Decker were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SWK. Norges Bank bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $133,952,000. Price T Rowe Associates Inc. MD boosted its stake in Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares during the period. Kodai Capital Management LP bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $32,679,000. Sabal Trust CO bought a new stake in Stanley Black & Decker during the 2nd quarter valued at approximately $19,878,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $12,992,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $101.35 on Monday. The firm has a market cap of $15.60 billion, a PE ratio of -146.88, a price-to-earnings-growth ratio of 2.58 and a beta of 1.24. The company’s 50-day moving average price is $95.09 and its two-hundred day moving average price is $90.81. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.15.

Stanley Black & Decker (NYSE:SWK) last posted 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. 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 analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Stanley Black & Decker’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker 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 owns 31,960 shares in the company, valued at $3,320,963.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SWK has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. Finally, Barclays raised their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average target price of $101.75.

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.