First Midwest Bank Trust Division Sells 89 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

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First Midwest Bank Trust Division lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the industrial products company’s stock after selling 89 shares during the quarter. First Midwest Bank Trust Division’s holdings in Stanley Black & Decker were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its position in shares of Stanley Black & Decker by 7.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 18,574 shares of the industrial products company’s stock valued at $2,682,000 after acquiring an additional 1,227 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Stanley Black & Decker by 49.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 372 shares of the industrial products company’s stock valued at $54,000 after buying an additional 123 shares in the last quarter. Advisor Partners LLC raised its holdings in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisor Partners LLC now owns 5,126 shares of the industrial products company’s stock valued at $740,000 after buying an additional 159 shares in the last quarter. Osborn Williams & Donohoe LLC purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $216,000. Finally, Signaturefd LLC raised its holdings in shares of Stanley Black & Decker by 9.4% during the 3rd quarter. Signaturefd LLC now owns 1,348 shares of the industrial products company’s stock valued at $195,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Shares of Stanley Black & Decker stock opened at $149.89 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The business’s 50 day simple moving average is $141.13 and its two-hundred day simple moving average is $141.16. The stock has a market capitalization of $22.57 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $154.10.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.11. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.57 EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.76 dividend on an annualized basis and a yield of 1.84%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 33.87%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now directly owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.03% of the stock is owned by insiders.

A number of equities analysts recently weighed in on SWK shares. KeyCorp raised Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Wednesday, September 18th. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Buckingham Research decreased their price objective on Stanley Black & Decker from $155.00 to $149.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. Nomura raised their price objective on Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley decreased their price objective on Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $156.12.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Further Reading: Fundamental Analysis

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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