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

Coastline Trust Co reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 88.1% during the 1st quarter, according to the company in its most recent 13F filing with the 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its stake in 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 in the last quarter. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the first quarter valued at about $31,000. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at about $40,000. SRS Capital Advisors Inc. boosted its stake 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 buying an additional 199 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at about $43,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Stanley Black & Decker Trading Down 0.6%

Shares of SWK traded down $0.40 during mid-day trading on Friday, reaching $71.17. 1,088,708 shares of the company were exchanged, compared to its average volume of 2,011,099. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The stock has a market capitalization of $11.01 billion, a PE ratio of 29.53, a PEG ratio of 1.36 and a beta of 1.18. The business has a 50 day simple moving average of $66.17 and a two-hundred day simple moving average of $74.36.

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 for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The business 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 firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.82 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.61%. Stanley Black & Decker's payout ratio is currently 136.10%.

About Stanley Black & Decker

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.