Deutsche Bank AG Sells 189,059 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Deutsche Bank AG has reduced its stake in Stanley Black & Decker, Inc. by 20.5%, selling 189,059 shares during the first quarter, bringing its holding to 733,319 shares valued at approximately $56.4 million.
• Stanley Black & Decker reported $1.08 EPS for the quarter, surpassing expectations, while revenue was down 6.2% year-over-year, totaling $3.95 billion against an estimate of $4.01 billion.
• The company will pay a quarterly dividend of $0.83 on September 16th, up from $0.82 previously, with a current dividend yield of 4.8%.

Deutsche Bank AG trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 20.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 733,319 shares of the industrial products company's stock after selling 189,059 shares during the quarter. Deutsche Bank AG owned approximately 0.47% of Stanley Black & Decker worth $56,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SWK. Vontobel Holding Ltd. raised its stake in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock valued at $345,000 after purchasing an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its stake in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock valued at $1,911,000 after purchasing an additional 174 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 174 shares during the period. Allworth Financial LP raised its stake in shares of Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock valued at $178,000 after purchasing an additional 195 shares during the period. Finally, Coastline Trust Co grew its position in Stanley Black & Decker by 5.0% during the fourth quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company's stock worth $336,000 after buying an additional 200 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $68.87 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.66 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The business's 50-day moving average price is $68.83 and its 200-day moving average price is $72.18. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.70. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is 104.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $91.10.

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.

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