Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,835 shares of the industrial products company’s stock after selling 1,633 shares during the quarter. Private Advisor Group LLC’s holdings in Stanley Black & Decker were worth $1,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First United Bank & Trust acquired a new position in Stanley Black & Decker in the 4th quarter worth approximately $25,000. Quarry LP acquired a new position in Stanley Black & Decker in the 4th quarter worth approximately $36,000. Principal Securities Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. grew its stake in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 140 shares during the period. Finally, Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

Stanley Black & Decker Trading Up 2.7 %

Shares of NYSE:SWK opened at $83.07 on Thursday. The business’s 50 day moving average price is $84.81 and its 200-day moving average price is $89.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of -120.39, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWKGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.41) EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.05 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a $0.81 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a yield of 3.90%. Stanley Black & Decker’s payout ratio is currently -469.56%.

Analysts Set New Price Targets

SWK has been the topic of a number of analyst reports. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $100.00 to $86.00 in a research note on Tuesday, June 4th. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $94.67.

Get Our Latest Research Report on SWK

About Stanley Black & Decker

(Free Report)

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.

Further Reading

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

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