AIA Group Ltd Has $465,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

AIA Group Ltd cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 62.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,225 shares of the industrial products company's stock after selling 6,930 shares during the quarter. AIA Group Ltd's holdings in Stanley Black & Decker were worth $465,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of 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 grew its holdings in shares of Stanley Black & Decker by 8.4% during 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 raised its holdings in shares of Stanley Black & Decker by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company's stock worth $158,501,000 after acquiring an additional 118,927 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 267,013 shares during the last quarter. Finally, Cooke & Bieler LP grew its stake 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 valued at $121,867,000 after purchasing an additional 69,850 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $1.71 during mid-day trading on Friday, hitting $90.17. The company had a trading volume of 1,944,116 shares, compared to its average volume of 1,934,273. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. 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 firm has a market cap of $13.90 billion, a P/E ratio of -65.82, a PEG ratio of 2.42 and a beta of 1.25. The business's 50-day simple moving average is $102.48 and its 200-day simple moving average is $93.91.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates 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 for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. As a group, analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal 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 given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.64%. Stanley Black & Decker's dividend payout ratio (DPR) is currently -239.42%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target 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. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. UBS Group upped their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Robert W. Baird reduced their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Finally, Barclays increased their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.