National Pension Service Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• The National Pension Service has reduced its holdings in Stanley Black & Decker by 82.7% during the first quarter, now owning 50,211 shares valued at approximately $3.86 million.
• Stanley Black & Decker has increased its quarterly dividend to $0.83, reflecting an annualized dividend yield of 4.5% and a dividend payout ratio of 104.13%.
• In its latest earnings report, the company posted an EPS of $1.08, exceeding estimates, although its revenue of $3.95 billion fell short compared to the expected $4.01 billion.

National Pension Service cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 82.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,211 shares of the industrial products company's stock after selling 240,174 shares during the period. National Pension Service's holdings in Stanley Black & Decker were worth $3,860,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Golden State Wealth Management LLC raised its stake in shares of Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of Stanley Black & Decker during the first quarter valued at about $31,000. TD Private Client Wealth LLC lifted its holdings in shares of Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares in the last quarter. CX Institutional bought a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Stanley Black & Decker during the fourth quarter valued at approximately $65,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $74.07 on Friday. The stock's 50-day moving average is $69.52 and its 200 day moving average is $71.88. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.64 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

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 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the firm posted $1.09 earnings per share. The business's revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed 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 an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 104.13%.

Wall Street Analyst Weigh In

Several research analysts have commented on SWK shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Robert W. Baird lifted their price objective on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. UBS Group lowered their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to 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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