Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 850.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,341 shares of the industrial products company's stock after buying an additional 11,938 shares during the quarter. Private Trust Co. NA's holdings in Stanley Black & Decker were worth $1,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. 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 worth $25,000 after buying an additional 296 shares during the period. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker in the 1st quarter worth $31,000. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth $40,000. SRS Capital Advisors Inc. raised its position in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after acquiring an additional 199 shares during the period. Finally, CX Institutional purchased a new position in Stanley Black & Decker during the first quarter valued at $43,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.40 during midday trading on Friday, hitting $71.17. The company had a trading volume of 1,088,708 shares, compared to its average volume of 2,007,757. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The business's 50-day simple moving average is $65.98 and its 200-day simple moving average is $74.50.

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 (EPS) 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 company's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.61%. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Analyst Ratings Changes

Several research analysts recently weighed in on SWK shares. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Robert W. Baird lifted their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, UBS Group reduced their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $92.10.

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.