PNC Financial Services Group Inc. Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

PNC Financial Services Group Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,273 shares of the industrial products company’s stock after buying an additional 2,395 shares during the period. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $3,166,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. M&T Bank Corp increased its stake in Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after buying an additional 113 shares during the period. Crestwood Advisors Group LLC grew its holdings in Stanley Black & Decker by 0.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after acquiring an additional 117 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares in the last quarter. Kinloch Capital LLC grew its holdings in Stanley Black & Decker by 0.4% during the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after acquiring an additional 141 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 160 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 0.3 %

Shares of Stanley Black & Decker stock opened at $84.13 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The firm has a fifty day moving average of $87.56 and a two-hundred day moving average of $91.37.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. Stanley Black & Decker’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.41) EPS. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.85%. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $95.44.

Insider Activity

In other news, SVP Janet Link sold 3,442 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.