The Manufacturers Life Insurance Company Sells 8,632 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

The Manufacturers Life Insurance Company cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 294,405 shares of the industrial products company's stock after selling 8,632 shares during the period. The Manufacturers Life Insurance Company owned 0.19% of Stanley Black & Decker worth $32,423,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SWK. Massachusetts Financial Services Co. MA boosted its holdings in shares of Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company's stock valued at $326,960,000 after purchasing an additional 235,106 shares during the last quarter. 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. Cooke & Bieler LP increased its stake in Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company's stock worth $121,867,000 after acquiring an additional 69,850 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Stanley Black & Decker by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company's stock worth $113,457,000 after purchasing an additional 12,305 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Barclays raised their target price on shares of 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. The Goldman Sachs Group upped their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their target price on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Stock Down 0.4 %

SWK stock traded down $0.32 during midday trading on Friday, hitting $89.45. 523,987 shares of the company's stock were exchanged, compared to its average volume of 1,447,207. The firm has a 50 day moving average price of $98.65 and a 200-day moving average price of $93.82. 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, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of -65.29, a price-to-earnings-growth 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 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 firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business earned $1.05 EPS. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's payout ratio is -239.42%.

About Stanley Black & Decker

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.