Stanley Black & Decker, Inc. (NYSE:SWK) Stock Holdings Lessened by Olstein Capital Management L.P.

Olstein Capital Management L.P. lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Stanley Black & Decker by 7.3% during 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 during the period. Massachusetts Financial Services Co. MA raised its position 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 worth $218,399,000 after buying an additional 212,103 shares during the period. ProShare Advisors LLC boosted its holdings in Stanley Black & Decker by 6.4% in the second 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 last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $134,444,000 after acquiring an additional 267,013 shares during the period. Finally, Cooke & Bieler LP raised its holdings in shares of Stanley Black & Decker by 4.8% in the 2nd 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 currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 0.2 %

SWK traded down $0.15 on Thursday, reaching $91.88. The company's stock had a trading volume of 2,819,468 shares, compared to its average volume of 1,437,093. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The business's 50 day moving average is $102.92 and its 200 day moving average is $93.90. 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 has a market cap of $14.16 billion, a price-to-earnings ratio of -67.32, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping 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 business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company earned $1.05 earnings per share. The business's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS 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 $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.57%. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

Analyst Ratings Changes

A number of research firms recently issued reports on SWK. Morgan Stanley dropped their target price 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. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research note on Monday, August 5th. Finally, Barclays increased their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $102.29.

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.