Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by CBOE Vest Financial LLC

CBOE Vest Financial LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 115,555 shares of the industrial products company's stock after selling 4,796 shares during the quarter. CBOE Vest Financial LLC owned 0.08% of Stanley Black & Decker worth $9,311,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Stanley Black & Decker by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 113,519 shares of the industrial products company's stock worth $8,528,000 after buying an additional 396 shares during the period. Commerce Bank boosted its holdings in Stanley Black & Decker by 4.3% during the 1st quarter. Commerce Bank now owns 5,787 shares of the industrial products company's stock valued at $466,000 after acquiring an additional 236 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Stanley Black & Decker by 25.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,802 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 965 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Stanley Black & Decker by 14.8% during the first quarter. Janney Montgomery Scott LLC now owns 183,114 shares of the industrial products company's stock worth $14,755,000 after purchasing an additional 23,540 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Stanley Black & Decker by 1,147.1% in the fourth quarter. Voya Investment Management LLC now owns 634,357 shares of the industrial products company's stock valued at $47,653,000 after purchasing an additional 583,489 shares during the period. Hedge funds and other institutional investors own 90.47% of the company's stock.

NYSE:SWK traded up $1.68 during midday trading on Wednesday, reaching $95.02. 1,300,101 shares of the company traded hands, compared to its average volume of 1,680,985. Stanley Black & Decker, Inc. has a twelve month low of $70.24 and a twelve month high of $104.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 0.42. The company has a fifty day moving average price of $94.28 and a 200 day moving average price of $86.33. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 5.99 and a beta of 1.36.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.36) by $0.25. The business had revenue of $4.20 billion for the quarter, compared to analysts' expectations of $4.14 billion. Stanley Black & Decker had a net margin of 4.84% and a return on equity of 0.26%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, September 1st. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.80. Stanley Black & Decker's payout ratio is 62.99%.

In other Stanley Black & Decker news, SVP Janet Link sold 3,081 shares of the company's stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $98.76, for a total value of $304,279.56. Following the completion of the sale, the senior vice president now directly owns 32,690 shares in the company, valued at $3,228,464.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

SWK has been the topic of a number of research reports. Citigroup increased their target price on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, August 2nd. Zelman & Associates raised Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Friday, August 18th. Robert W. Baird increased their price target on Stanley Black & Decker from $85.00 to $92.00 and gave the company a "neutral" rating in a research report on Wednesday, August 2nd. Morgan Stanley boosted their price objective on Stanley Black & Decker from $90.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 2nd. Finally, Wolfe Research downgraded shares of Stanley Black & Decker from a "peer perform" rating to an "underperform" rating and set a $94.00 price target for the company. in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $96.00.

Get Our Latest Research Report on Stanley Black & Decker

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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