Pacer Advisors Inc. Sells 4,910 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Pacer Advisors Inc. decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 35.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,781 shares of the industrial products company's stock after selling 4,910 shares during the period. Pacer Advisors Inc.'s holdings in Stanley Black & Decker were worth $675,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker in the 1st quarter valued at about $31,000. TD Private Client Wealth LLC grew its position in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after buying an additional 382 shares in the last quarter. CX Institutional bought a new position in Stanley Black & Decker in the 1st quarter valued at about $43,000. Finally, WASHINGTON TRUST Co grew its position in Stanley Black & Decker by 530.1% in the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after buying an additional 705 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Down 1.0%

Shares of SWK traded down $0.67 during trading hours on Friday, reaching $66.98. The company's stock had a trading volume of 2,193,353 shares, compared to its average volume of 2,234,789. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.49 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 quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $68.48 and a two-hundred day moving average of $73.07.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a yield of 5.0%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 105.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SWK. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Barclays cut their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. cut 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. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $91.10.

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.