US Bancorp DE Sells 5,582 Shares of Stanley Black & Decker, Inc. $SWK

US Bancorp DE trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 23.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,752 shares of the industrial products company’s stock after selling 5,582 shares during the quarter. US Bancorp DE’s holdings in Stanley Black & Decker were worth $1,203,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SWK. Vontobel Holding Ltd. boosted its position in Stanley Black & Decker by 20.6% in the second quarter. Vontobel Holding Ltd. now owns 5,421 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 927 shares during the last quarter. Godsey & Gibb Inc. boosted its position in Stanley Black & Decker by 8.5% in the second quarter. Godsey & Gibb Inc. now owns 185,340 shares of the industrial products company’s stock worth $12,557,000 after purchasing an additional 14,460 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Stanley Black & Decker by 73.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 5,543 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 2,348 shares during the last quarter. SRH Advisors LLC boosted its position in Stanley Black & Decker by 16.5% in the second quarter. SRH Advisors LLC now owns 3,709 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 526 shares during the last quarter. Finally, 111 Capital boosted its position in Stanley Black & Decker by 125.5% in the second quarter. 111 Capital now owns 6,036 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 3,359 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 0.2%

NYSE SWK opened at $67.79 on Friday. The stock’s 50 day moving average is $74.06 and its 200 day moving average is $68.86. The company has a current ratio of 1.04, a quick ratio of 0.34 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 $106.54. The stock has a market cap of $10.49 billion, a PE ratio of 21.52, a P/E/G ratio of 1.42 and a beta of 1.19.

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

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was 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 is presently 105.40%.

Analysts Set New Price Targets

Several research analysts have issued reports on SWK shares. Morgan Stanley reissued a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Finally, Barclays lowered their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $88.10.

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.