PFG Investments LLC Sells 231 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

PFG Investments LLC lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,539 shares of the industrial products company’s stock after selling 231 shares during the quarter. PFG Investments LLC’s holdings in Stanley Black & Decker were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Stanley Black & Decker by 0.7% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock worth $1,911,000 after purchasing an additional 174 shares during the period. Metis Global Partners LLC increased its stake in Stanley Black & Decker by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 180 shares during the last quarter. New York Life Investment Management LLC increased its stake in Stanley Black & Decker by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 181 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. Finally, Coastline Trust Co increased its stake in Stanley Black & Decker by 5.0% in the fourth quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.1%

NYSE SWK opened at $66.29 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The stock has a market capitalization of $10.26 billion, a PE ratio of 27.51, a PEG ratio of 1.72 and a beta of 1.18. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The business’s 50-day moving average is $64.66 and its 200 day moving average is $75.09.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.95%. Stanley Black & Decker’s payout ratio is presently 136.10%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWK. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Finally, Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $91.10.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.