Private Advisor Group LLC Lowers Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Private Advisor Group LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,014 shares of the industrial products company’s stock after selling 1,821 shares during the period. Private Advisor Group LLC’s holdings in Stanley Black & Decker were worth $880,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $38,000. ING Groep NV lifted its position in shares of Stanley Black & Decker by 1,927.7% during the 4th quarter. ING Groep NV now owns 10,889 shares of the industrial products company’s stock worth $1,068,000 after purchasing an additional 10,352 shares during the last quarter. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $133,952,000. PNC Financial Services Group Inc. lifted its position in shares of Stanley Black & Decker by 8.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 32,273 shares of the industrial products company’s stock worth $3,166,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $240,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Stanley Black & Decker Trading Up 1.2 %

NYSE SWK opened at $102.58 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The firm has a market cap of $15.78 billion, a PE ratio of -148.67, a P/E/G ratio of 2.58 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $108.15. The firm’s fifty day moving average is $95.52 and its two-hundred day moving average is $90.90.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share. Analysts expect that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is -475.36%.

Analyst Upgrades and Downgrades

SWK has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group lifted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $101.75.

Stanley Black & Decker Company Profile

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.