Loudon Investment Management LLC Has $3.79 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Loudon Investment Management LLC trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,375 shares of the industrial products company’s stock after selling 1,927 shares during the quarter. Stanley Black & Decker makes up 2.2% of Loudon Investment Management LLC’s holdings, making the stock its 16th biggest holding. Loudon Investment Management LLC’s holdings in Stanley Black & Decker were worth $3,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Stanley Black & Decker by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Cooke & Bieler LP lifted its stake in Stanley Black & Decker by 4.8% during 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 acquiring an additional 69,850 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 1.2% during 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 acquiring an additional 16,983 shares in the last quarter. Norges Bank bought a new position in Stanley Black & Decker during the 4th quarter valued at $133,952,000. Finally, Schroder Investment Management Group increased its position in shares of Stanley Black & Decker by 1.4% during 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 purchasing an additional 13,557 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SWK shares. Robert W. Baird raised their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley started coverage on Stanley Black & Decker in a research report on Friday. They set an “equal weight” rating and a $107.00 target price for the company. UBS Group raised their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays raised their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $101.75.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK traded down $1.18 during trading hours on Friday, hitting $97.18. The stock had a trading volume of 1,169,823 shares, compared to its average volume of 907,172. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $108.15. The company’s fifty day simple moving average is $93.23 and its 200 day simple moving average is $90.44. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14.96 billion, a PE ratio of -140.84, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its 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. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) EPS. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Tuesday, September 3rd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is -475.36%.

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.