Sound Financial Strategies Group LLC Sells 3,028 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sound Financial Strategies Group LLC cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 32.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,209 shares of the industrial products company’s stock after selling 3,028 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in Stanley Black & Decker were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Stanley Black & Decker by 18.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company’s stock worth $1,494,000 after purchasing an additional 3,009 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in Stanley Black & Decker in the 1st quarter valued at $245,000. Wellington Management Group LLP grew its holdings in shares of Stanley Black & Decker by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 1,188 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Stanley Black & Decker by 2.1% during the first quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company’s stock worth $1,110,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $66.98 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.47 and a beta of 1.16. The company has a 50-day simple moving average of $68.48 and a 200 day simple moving average of $73.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 1.04.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio (DPR) is 104.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company boosted their target price on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. UBS Group decreased their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $91.10.

Stanley Black & Decker Profile

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.