Trust Co. of Toledo NA OH Takes Position in Stanley Black & Decker, Inc. $SWK

Trust Co. of Toledo NA OH purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 870 shares of the industrial products company’s stock, valued at approximately $59,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Stanley Black & Decker by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company’s stock worth $1,494,000 after acquiring an additional 3,009 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 1st quarter valued at $245,000. Rempart Asset Management Inc. increased its holdings in shares of Stanley Black & Decker by 22.5% in the 2nd quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock valued at $10,617,000 after acquiring an additional 28,826 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Stanley Black & Decker by 3.0% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,538,360 shares of the industrial products company’s stock valued at $104,224,000 after buying an additional 45,107 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Stanley Black & Decker by 40.5% during the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 1,304 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK opened at $64.37 on Monday. The stock’s 50 day simple moving average is $74.23 and its 200 day simple moving average is $69.09. The stock has a market cap of $9.96 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.34 and a beta of 1.19. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $109.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.2%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Tuesday, September 2nd. Stanley Black & Decker’s payout ratio is currently 105.40%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SWK shares. Barclays reduced their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $89.90.

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.