Bank of New York Mellon Corp Reduces Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of New York Mellon Corp trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,214,430 shares of the industrial products company's stock after selling 69,080 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.79% of Stanley Black & Decker worth $93,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Argyle Capital Management LLC raised its stake in Stanley Black & Decker by 10.5% in the first quarter. Argyle Capital Management LLC now owns 6,575 shares of the industrial products company's stock valued at $505,000 after purchasing an additional 625 shares in the last quarter. Strategic Blueprint LLC purchased a new stake in Stanley Black & Decker in the first quarter valued at approximately $210,000. IFM Investors Pty Ltd raised its stake in Stanley Black & Decker by 16.3% in the first quarter. IFM Investors Pty Ltd now owns 31,613 shares of the industrial products company's stock valued at $2,430,000 after purchasing an additional 4,436 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Stanley Black & Decker in the first quarter valued at approximately $206,000. Finally, D.A. Davidson & CO. raised its stake in Stanley Black & Decker by 59.7% in the first quarter. D.A. Davidson & CO. now owns 7,152 shares of the industrial products company's stock valued at $550,000 after purchasing an additional 2,675 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWK. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Finally, UBS Group reduced their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $92.10.

Stanley Black & Decker Trading Down 1.3%

Shares of Stanley Black & Decker stock traded down $0.96 on Friday, hitting $72.89. The stock had a trading volume of 1,722,793 shares, compared to its average volume of 2,026,652. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.41 and a beta of 1.18. The stock's 50-day simple moving average is $67.33 and its two-hundred day simple moving average is $74.13.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the business earned $0.56 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Stanley Black & Decker 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.