KCM Investment Advisors LLC Sells 943 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

KCM Investment Advisors LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,727 shares of the industrial products company’s stock after selling 943 shares during the quarter. KCM Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $1,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. grew its position in shares of 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 buying an additional 13,659 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Stanley Black & Decker by 60.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after purchasing an additional 11,151 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Stanley Black & Decker by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after buying an additional 7,826 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of 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 buying an additional 70,625 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Stanley Black & Decker by 12.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock worth $6,176,000 after acquiring an additional 8,805 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SWK shares. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays lifted their target price 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. Morgan Stanley reduced their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group raised their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $85.45 on Friday. The firm has a 50-day moving average of $101.22 and a 200-day moving average of $93.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a market cap of $13.17 billion, a PE ratio of -62.37, a P/E/G ratio of 2.32 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for 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 for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.84%. Stanley Black & Decker’s payout ratio is -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.