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

ICA Group Wealth Management LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 74.4% in the second quarter, according to its most recent filing with the SEC. The firm 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.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Stanley Black & Decker by 7.3% in 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 buying an additional 1,250,925 shares during the period. Cooke & Bieler LP grew its holdings in shares of Stanley Black & Decker by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after buying an additional 69,850 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company’s stock valued at $137,094,000 after buying an additional 16,983 shares during the period. Norges Bank acquired a new position in shares of Stanley Black & Decker in the 4th quarter valued at $133,952,000. Finally, Schroder Investment Management Group grew its holdings in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Schroder Investment Management Group now owns 980,833 shares of the industrial products company’s stock valued at $96,220,000 after buying an additional 13,557 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 3.6 %

Shares of NYSE:SWK opened at $101.35 on Monday. 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 debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15. The stock has a market capitalization 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.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts forecast 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 issued a $0.82 dividend. 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. The ex-dividend date is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

Analyst Ratings Changes

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

Insider Activity

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

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.