Gulf International Bank UK Ltd Has $602,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Stanley Black & Decker by 35.0%, holding 7,832 shares worth $602,000 after selling 4,211 shares in the first quarter.
• Stanley Black & Decker recently reported earnings of $1.08 per share for the last quarter, exceeding estimates, but total revenue fell 6.2% year-over-year.
• The company has announced a quarterly dividend increase to $0.83, leading to a 4.5% yield and a dividend payout ratio of 104.13%.

Gulf International Bank UK Ltd cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 35.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,832 shares of the industrial products company's stock after selling 4,211 shares during the quarter. Gulf International Bank UK Ltd's holdings in Stanley Black & Decker were worth $602,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its position in 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 worth $345,000 after acquiring an additional 165 shares during the period. Allen Mooney & Barnes Investment Advisors LLC boosted its position in 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 worth $1,911,000 after acquiring an additional 174 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in 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 worth $166,000 after acquiring an additional 174 shares during the period. Allworth Financial LP boosted its position in 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 worth $178,000 after acquiring an additional 195 shares during the period. Finally, Coastline Trust Co boosted its position in Stanley Black & Decker by 5.0% during the 4th quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company's stock worth $336,000 after acquiring an additional 200 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 0.5%

SWK opened at $74.07 on Friday. The business has a 50 day moving average price of $69.52 and a 200 day moving average price of $71.88. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $11.47 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

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

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.5%. Stanley Black & Decker's dividend payout ratio is presently 104.13%.

Analyst Ratings Changes

SWK has been the subject of a number of research reports. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group reiterated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Barclays reduced their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $91.10.

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.

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