Canada Pension Plan Investment Board lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 71.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,912 shares of the industrial products company’s stock after selling 145,693 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Stanley Black & Decker were worth $8,743,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of SWK. Fred Alger Management Inc. lifted its stake in Stanley Black & Decker by 275.0% in the 2nd quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock valued at $98,783,000 after buying an additional 514,773 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Stanley Black & Decker by 45.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after purchasing an additional 335,500 shares during the period. Vanguard Group Inc. lifted its stake in shares of Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after purchasing an additional 287,124 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth $34,675,000. Finally, Sanders Capital LLC lifted its stake in shares of Stanley Black & Decker by 34.1% during the 2nd quarter. Sanders Capital LLC now owns 800,648 shares of the industrial products company’s stock worth $114,532,000 after purchasing an additional 203,659 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at $162.97 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $114.27 and a twelve month high of $168.25. The stock has a market capitalization of $24,991.78, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. equities analysts anticipate that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 1.55%. Stanley Black & Decker’s dividend payout ratio is currently 31.82%.

In other news, CEO James M. Loree sold 70,531 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the completion of the sale, the chief executive officer now directly owns 175,449 shares in the company, valued at $28,387,648.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,167 shares of company stock valued at $17,655,441. 1.15% of the stock is owned by insiders.

WARNING: “Canada Pension Plan Investment Board Sells 145,693 Shares of Stanley Black & Decker, Inc. (SWK)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.watchlistnews.com/canada-pension-plan-investment-board-sells-145693-shares-of-stanley-black-decker-inc-swk/1697622.html.

A number of brokerages have weighed in on SWK. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. Morgan Stanley increased their price target on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research note on Tuesday, September 26th. UBS AG reissued a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Finally, Robert W. Baird increased their price target on Stanley Black & Decker from $162.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $167.29.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.