Thrivent Financial for Lutherans Sells 10,310 Shares of Stanley Black & Decker, Inc. $SWK

Thrivent Financial for Lutherans lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,886 shares of the industrial products company’s stock after selling 10,310 shares during the period. Thrivent Financial for Lutherans’ holdings in Stanley Black & Decker were worth $3,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Vanguard Group Inc. lifted its holdings in shares of Stanley Black & Decker by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock worth $1,264,486,000 after purchasing an additional 91,016 shares in the last quarter. State Street Corp lifted its stake in shares of Stanley Black & Decker by 2.3% in the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock valued at $638,438,000 after buying an additional 215,960 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.7% during the second quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock valued at $268,110,000 after buying an additional 65,327 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Stanley Black & Decker by 59.8% during the first quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after acquiring an additional 1,326,113 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Stanley Black & Decker by 2.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,182,343 shares of the industrial products company’s stock worth $215,604,000 after acquiring an additional 63,132 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $72.78 on Friday. The business’s fifty day simple moving average is $69.52 and its 200 day simple moving average is $71.00. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $91.06. The firm has a market capitalization of $11.27 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.06 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The firm had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. UBS Group raised their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.67.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.