Olstein Capital Management L.P. Sells 18,000 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Olstein Capital Management L.P. decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 21.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,000 shares of the industrial products company’s stock after selling 18,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Stanley Black & Decker were worth $7,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Stanley Black & Decker by 6.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock worth $2,819,000 after buying an additional 1,776 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Stanley Black & Decker by 2.9% in the first quarter. Mutual of America Capital Management LLC now owns 49,105 shares of the industrial products company’s stock valued at $4,809,000 after acquiring an additional 1,381 shares in the last quarter. Empirical Finance LLC raised its holdings in Stanley Black & Decker by 3.5% in the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 190 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Stanley Black & Decker by 163.6% in the first quarter. Quantbot Technologies LP now owns 26,395 shares of the industrial products company’s stock worth $2,585,000 after buying an additional 16,383 shares during the period. Finally, Empowered Funds LLC lifted its position in Stanley Black & Decker by 23.7% during the 1st quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 618 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of SWK traded up $1.40 on Thursday, reaching $93.43. The company’s stock had a trading volume of 284,196 shares, compared to its average volume of 1,424,601. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market capitalization of $14.40 billion, a P/E ratio of -67.18, a PEG ratio of 2.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $102.92 and its two-hundred day simple moving average is $93.90.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Stanley Black & Decker’s revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is presently -239.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWK. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.29.

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.