Lincoln Capital Corp Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Lincoln Capital Corp lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,745 shares of the industrial products company’s stock after selling 288 shares during the period. Stanley Black & Decker makes up approximately 1.5% of Lincoln Capital Corp’s portfolio, making the stock its 24th biggest holding. Lincoln Capital Corp’s holdings in Stanley Black & Decker were worth $3,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Heritage Financial Services LLC purchased a new stake in Stanley Black & Decker during the third quarter worth $253,000. Ballentine Partners LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter valued at approximately $216,000. E. Ohman J or Asset Management AB lifted its stake in Stanley Black & Decker by 188.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 7,200 shares of the industrial products company’s stock valued at $793,000 after buying an additional 4,700 shares in the last quarter. Rowlandmiller & PARTNERS.ADV acquired a new position in shares of Stanley Black & Decker in the third quarter worth $114,000. Finally, Dakota Wealth Management increased its position in Stanley Black & Decker by 394.2% during the 3rd quarter. Dakota Wealth Management now owns 33,427 shares of the industrial products company’s stock worth $3,681,000 after purchasing an additional 26,663 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on SWK. JPMorgan Chase & Co. raised their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Barclays upped their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, Morgan Stanley initiated coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $106.13.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $101.98 on Friday. The firm has a fifty day simple moving average of $103.47 and a 200-day simple moving average of $93.64. The company has a market capitalization of $15.70 billion, a PE ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $76.57 and a twelve month high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share 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 period in the prior year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -169.07%.

Insider Transactions at Stanley Black & Decker

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 owns 31,960 shares in the company, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.