Sabal Trust CO Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Sabal Trust CO raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,300 shares of the industrial products company's stock after buying an additional 13,180 shares during the quarter. Sabal Trust CO owned about 0.16% of Stanley Black & Decker worth $19,243,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SWK. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Stanley Black & Decker by 0.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock worth $5,777,000 after purchasing an additional 269 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $245,000. Wellington Management Group LLP increased its position in shares of Stanley Black & Decker by 14.0% during the fourth quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock valued at $777,000 after acquiring an additional 1,188 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Stanley Black & Decker by 92.2% in the 4th quarter. Sanctuary Advisors LLC now owns 13,117 shares of the industrial products company's stock worth $1,053,000 after acquiring an additional 6,291 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Stanley Black & Decker by 14.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock valued at $217,000 after acquiring an additional 337 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SWK shares. UBS Group decreased their price target 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. Robert W. Baird lifted their price target 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 lowered their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Finally, Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $69.00 to $90.00 in a report 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Stock Performance

NYSE:SWK traded up $1.13 during mid-day trading on Friday, hitting $68.72. 471,434 shares of the company traded hands, compared to its average volume of 1,990,838. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The stock's fifty day moving average price is $64.87 and its 200-day moving average price is $74.96. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year 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 the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm posted $0.56 EPS. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 4.77%. Stanley Black & Decker's payout ratio 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.