Procyon Advisors LLC Acquires New Shares in Stanley Black & Decker, Inc. (NYSE:SWK)

Procyon Advisors LLC acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,170 shares of the industrial products company's stock, valued at approximately $474,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vest Financial LLC increased its stake in Stanley Black & Decker by 11.8% during the 1st quarter. Vest Financial LLC now owns 616,832 shares of the industrial products company's stock valued at $47,422,000 after purchasing an additional 65,174 shares in the last quarter. Naples Global Advisors LLC increased its position in shares of Stanley Black & Decker by 4.3% during the first quarter. Naples Global Advisors LLC now owns 11,191 shares of the industrial products company's stock worth $860,000 after acquiring an additional 463 shares in the last quarter. Czech National Bank raised its holdings in shares of Stanley Black & Decker by 5.9% in the 1st quarter. Czech National Bank now owns 35,409 shares of the industrial products company's stock worth $2,722,000 after acquiring an additional 1,983 shares during the last quarter. Rhumbline Advisers lifted its position in Stanley Black & Decker by 12.2% in the 1st quarter. Rhumbline Advisers now owns 330,014 shares of the industrial products company's stock valued at $25,371,000 after acquiring an additional 35,978 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its holdings in Stanley Black & Decker by 18.7% during the 1st quarter. Cascade Investment Advisors Inc. now owns 15,910 shares of the industrial products company's stock worth $1,223,000 after purchasing an additional 2,505 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of 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. UBS Group reduced their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $0.78 on Thursday, reaching $67.35. 2,087,490 shares of the company traded hands, compared to its average volume of 1,966,498. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market capitalization of $10.42 billion, a PE ratio of 34.72, a PEG ratio of 1.33 and a beta of 1.18. The company has a 50 day moving average of $63.43 and a 200 day moving average of $76.67. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released 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. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business posted $0.56 earnings per share. The business's revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.