Catalyst Capital Advisors LLC cut its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,220 shares of the industrial products company’s stock after selling 3,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Stanley Black & Decker were worth $1,719,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tompkins Financial Corp increased its stake in shares of Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock worth $104,000 after buying an additional 862 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Stanley Black & Decker during the first quarter worth $108,000. Alexandria Capital LLC increased its stake in shares of Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock worth $110,000 after buying an additional 26 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after buying an additional 23 shares during the last quarter. Finally, Coconut Grove Bank increased its stake in shares of Stanley Black & Decker by 98.4% in the first quarter. Coconut Grove Bank now owns 1,010 shares of the industrial products company’s stock worth $134,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 84.10% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 139.15 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.32. The company’s 50 day moving average price is $142.81 and its 200 day moving average price is $135.07. The stock has a market cap of $21.31 billion, a PE ratio of 17.82 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the company earned $1.84 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is 29.74%.

TRADEMARK VIOLATION WARNING: This story was reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/13/stanley-black-decker-inc-nyseswk-shares-sold-by-catalyst-capital-advisors-llc.html.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a report on Tuesday, May 23rd. Seaport Global Securities assumed coverage on Stanley Black & Decker in a report on Friday, June 16th. They set a “buy” rating and a $160.00 price objective for the company. Wolfe Research assumed coverage on Stanley Black & Decker in a report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley boosted their price objective on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Imperial Capital boosted their price objective on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and a consensus price target of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.15% of the stock is owned by company insiders.

About Stanley Black & Decker

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.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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 MarketBeat.com's FREE daily email newsletter.