JPMorgan Chase & Co. Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

JPMorgan Chase & Co. lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 637,358 shares of the industrial products company's stock after selling 6,351 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of Stanley Black & Decker worth $70,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Stanley Black & Decker by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company's stock worth $1,055,000 after buying an additional 100 shares during the period. Castleview Partners LLC lifted its stake in shares of Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company's stock valued at $305,000 after acquiring an additional 103 shares during the last quarter. Empirical Finance LLC boosted its holdings in Stanley Black & Decker by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock valued at $581,000 after acquiring an additional 111 shares during the period. Finally, Advisors Management Group Inc. ADV increased its stake in Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

SWK has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Barclays raised their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Morgan Stanley cut their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $103.25.

Stanley Black & Decker Stock Up 1.1 %

SWK stock traded up $0.88 during midday trading on Friday, hitting $80.76. The company's stock had a trading volume of 765,624 shares, compared to its average volume of 977,312. The company has a market cap of $12.45 billion, a PE ratio of -58.95, a P/E/G ratio of 2.24 and a beta of 1.24. The firm's 50-day moving average is $86.54 and its 200-day moving average is $93.18. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. On average, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.

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.