Stanley Black & Decker, Inc. (NYSE:SWK) Holdings Trimmed by Tompkins Financial Corp

Tompkins Financial Corp lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 52.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,190 shares of the industrial products company’s stock after selling 1,300 shares during the period. Tompkins Financial Corp’s holdings in Stanley Black & Decker were worth $131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Assetmark Inc. lifted its stake in Stanley Black & Decker by 1.4% in the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after acquiring an additional 130 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Stanley Black & Decker during the third quarter worth approximately $269,000. Capital Performance Advisors LLP purchased a new position in Stanley Black & Decker during the third quarter valued at approximately $100,000. Principal Financial Group Inc. lifted its position in Stanley Black & Decker by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company’s stock worth $19,504,000 after buying an additional 5,493 shares in the last quarter. Finally, Advisors Management Group Inc. ADV boosted its stake in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.9 %

Stanley Black & Decker stock opened at $90.17 on Friday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of -65.82, a P/E/G ratio of 2.47 and a beta of 1.25. The firm has a fifty day moving average price of $102.48 and a two-hundred day moving average price of $93.89. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week 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.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SWK shares. Barclays upped 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 research note on Wednesday, October 2nd. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.