Amalgamated Bank Decreases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Amalgamated Bank lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 24.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 30,236 shares of the industrial products company's stock after selling 9,706 shares during the period. Amalgamated Bank's holdings in Stanley Black & Decker were worth $3,330,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of 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. Massachusetts Financial Services Co. MA increased its stake in shares of Stanley Black & Decker by 8.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company's stock valued at $218,399,000 after acquiring an additional 212,103 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company's stock valued at $158,501,000 after acquiring an additional 118,927 shares during the period. Dimensional Fund Advisors LP boosted its stake in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock worth $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP grew its holdings in Stanley Black & Decker by 4.8% in the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company's stock worth $121,867,000 after purchasing an additional 69,850 shares during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Down 1.9 %

Stanley Black & Decker stock traded down $1.71 during trading on Friday, hitting $90.17. 1,944,116 shares of the company were exchanged, compared to its average volume of 1,934,273. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $102.48 and its 200 day moving average is $93.91. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a market capitalization of $13.90 billion, a P/E ratio of -65.82, a PEG ratio of 2.42 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. Analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current 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 issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SWK. JPMorgan Chase & Co. increased their price objective 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. UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.