Stanley Black & Decker, Inc. $SWK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 19.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,596 shares of the industrial products company’s stock after selling 57,631 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Stanley Black & Decker worth $16,635,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SWK. Allen Wealth Management LLC increased its stake in Stanley Black & Decker by 0.9% in the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock valued at $1,264,000 after purchasing an additional 160 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Stanley Black & Decker by 15.0% in the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after buying an additional 171 shares during the last quarter. D.A. Davidson & CO. raised its stake in Stanley Black & Decker by 2.4% during the 2nd quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 172 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Stanley Black & Decker by 8.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 174 shares during the last quarter. Finally, RB Capital Management LLC boosted its stake in Stanley Black & Decker by 1.8% in the first quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company’s stock valued at $764,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $71.31 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The business has a 50 day simple moving average of $69.41 and a 200-day simple moving average of $70.40. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $91.06. The stock has a market capitalization of $11.05 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.72 billion for the quarter. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is currently 114.88%.

Analyst Ratings Changes

A number of research firms have recently commented on SWK. Wells Fargo & Company cut their target price on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley reaffirmed a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Company 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.