Procyon Advisors LLC Takes $474,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

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

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors raised its stake in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after acquiring an additional 3,063,114 shares in the last quarter. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter valued at about $117,231,000. Invesco Ltd. boosted its stake in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the period. Ameriprise Financial Inc. grew its position in shares of Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after buying an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after buying an additional 575,129 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $1.09 during midday trading on Monday, hitting $67.23. 2,122,564 shares of the company's stock were exchanged, compared to its average volume of 1,957,528. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The firm's 50 day simple moving average is $63.43 and its 200 day simple moving average is $76.94.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

Analyst Ratings Changes

SWK has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wells Fargo & Company cut their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of "Hold" and a consensus price target of $91.10.

About Stanley Black & Decker

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.