Stanley Black & Decker, Inc. $SWK Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,210 shares of the industrial products company’s stock after selling 15,884 shares during the period. Franklin Resources Inc.’s holdings in Stanley Black & Decker were worth $1,166,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter worth $25,000. 1248 Management LLC purchased a new stake in Stanley Black & Decker during the first quarter valued at about $26,000. Garde Capital Inc. increased its stake in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Stanley Black & Decker by 87.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 272 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Stanley Black & Decker by 63.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $72.35 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $91.06. The company has a market capitalization of $11.21 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $69.30 and a 200-day simple moving average of $70.44.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The firm had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal 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 dividend of $0.83 per share. The ex-dividend date is Monday, December 1st. This represents a $3.32 annualized dividend and a yield of 4.6%. Stanley Black & Decker’s payout ratio is currently 114.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SWK shares. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. UBS Group increased their price objective on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock 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.