Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,185 shares of the industrial products company’s stock after selling 1,286 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Stanley Black & Decker were worth $7,399,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Stanley Black & Decker by 23.7% during the 1st quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company’s stock worth $316,000 after buying an additional 618 shares during the last quarter. Sei Investments Co. boosted its holdings in Stanley Black & Decker by 11.0% in the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock valued at $13,454,000 after purchasing an additional 13,659 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Stanley Black & Decker by 196.9% in the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock valued at $10,429,000 after purchasing an additional 70,625 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $339,000. Finally, Blair William & Co. IL boosted its holdings in shares of Stanley Black & Decker by 5.1% in the 1st quarter. Blair William & Co. IL now owns 17,284 shares of the industrial products company’s stock valued at $1,693,000 after buying an additional 841 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $85.45 on Friday. The business has a 50 day simple moving average of $101.22 and a 200-day simple moving average of $93.78. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The stock has a market capitalization of $13.17 billion, a PE ratio of -62.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the business earned $1.05 EPS. The business’s revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SWK shares. JPMorgan Chase & Co. boosted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, UBS Group raised their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.29.

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.