Sasco Capital Inc. CT Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sasco Capital Inc. CT reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,310 shares of the industrial products company's stock after selling 24,230 shares during the quarter. Stanley Black & Decker comprises approximately 2.2% of Sasco Capital Inc. CT's investment portfolio, making the stock its 27th largest position. Sasco Capital Inc. CT owned about 0.09% of Stanley Black & Decker worth $15,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its holdings in Stanley Black & Decker by 5.1% in the 1st quarter. Blair William & Co. IL now owns 17,284 shares of the industrial products company's stock valued at $1,693,000 after buying an additional 841 shares in the last quarter. UniSuper Management Pty Ltd increased its position in Stanley Black & Decker by 589.9% during the first quarter. UniSuper Management Pty Ltd now owns 11,839 shares of the industrial products company's stock worth $1,159,000 after purchasing an additional 10,123 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Stanley Black & Decker by 6.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company's stock worth $11,920,000 after purchasing an additional 7,826 shares during the period. Meritage Group LP boosted its holdings in Stanley Black & Decker by 23.7% in the 1st quarter. Meritage Group LP now owns 3,312 shares of the industrial products company's stock valued at $324,000 after purchasing an additional 635 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Stanley Black & Decker in the 1st quarter valued at approximately $374,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 0.3 %

Shares of NYSE:SWK traded down $0.27 during trading on Tuesday, hitting $86.31. The company's stock had a trading volume of 1,416,525 shares, compared to its average volume of 1,446,702. The company has a market capitalization of $13.31 billion, a PE ratio of -62.82, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The business has a 50 day moving average price of $101.03 and a two-hundred day moving average price of $93.82.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results 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. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the business earned $1.05 EPS. Stanley Black & Decker's revenue was down 5.1% on a year-over-year basis. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS 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. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWK. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. UBS Group increased their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a report on Monday, August 5th. Finally, StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. One investment 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $102.29.

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.