Coastline Trust Co Has $38,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Coastline Trust Co decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 88.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the industrial products company's stock after selling 3,690 shares during the quarter. Coastline Trust Co's holdings in Stanley Black & Decker were worth $38,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after buying an additional 296 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker in the 1st quarter valued at $31,000. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth $40,000. SRS Capital Advisors Inc. boosted its holdings in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 199 shares during the last quarter. Finally, CX Institutional purchased a new stake in Stanley Black & Decker during the first quarter valued at about $43,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 0.6%

Shares of SWK traded down $0.40 during midday trading on Friday, hitting $71.17. The stock had a trading volume of 1,088,708 shares, compared to its average volume of 2,007,757. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $11.01 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The business has a 50-day simple moving average of $65.98 and a two-hundred day simple moving average of $74.50.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed 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 dividend yield of 4.61%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SWK shares. JPMorgan Chase & Co. cut 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 boosted their price objective on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group decreased their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $92.10.

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.