Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in Stanley Black & Decker by 3.5% to a total of 277,502 shares, valued at approximately $21.33 million.
• Several large investors, including Golden State Wealth Management and TD Private Client Wealth LLC, have significantly increased their holdings in the company during the first quarter, indicating mixed sentiment among institutional investors.
• Stanley Black & Decker announced an increase in its quarterly dividend to $0.83 per share, reflecting a yield of 4.5%, although it has a high dividend payout ratio of 104.13%.

Russell Investments Group Ltd. cut its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,502 shares of the industrial products company's stock after selling 10,147 shares during the period. Russell Investments Group Ltd. owned 0.18% of Stanley Black & Decker worth $21,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew 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 worth $25,000 after buying an additional 296 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in Stanley Black & Decker during the first quarter worth about $31,000. TD Private Client Wealth LLC grew its stake in Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares in the last quarter. CX Institutional acquired a new stake in Stanley Black & Decker in the 1st quarter valued at about $43,000. Finally, WASHINGTON TRUST Co lifted its stake 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 worth $64,000 after purchasing an additional 705 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of several recent research reports. Barclays cut their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Finally, UBS Group reduced their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Trading Down 0.5%

NYSE SWK opened at $74.07 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock has a market capitalization of $11.47 billion, a P/E ratio of 23.51, a PEG ratio of 1.64 and a beta of 1.16. The firm's 50-day moving average is $69.52 and its two-hundred day moving average is $71.88. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $1.09 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is currently 104.13%.

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.

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