Stanley Black & Decker, Inc. $SWK Shares Sold by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC has reduced its holdings in Stanley Black & Decker by 53.9%, now owning 7,663 shares valued at $566,000.
• The company recently declared a quarterly dividend of $0.83, reflecting an annual yield of 4.9%, which is an increase from the previous dividend of $0.82.
• Stanley Black & Decker's stock has a 52-week range between $53.91 and $106.54, and an average price target set by analysts at $88.10.

Mutual Advisors LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 53.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,663 shares of the industrial products company's stock after selling 8,945 shares during the period. Mutual Advisors LLC's holdings in Stanley Black & Decker were worth $566,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allen Wealth Management LLC increased its holdings in shares of Stanley Black & Decker by 0.9% during the 2nd quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company's stock worth $1,264,000 after buying an additional 160 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after buying an additional 165 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company's stock worth $89,000 after buying an additional 171 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Stanley Black & Decker by 8.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after buying an additional 174 shares during the last quarter. Finally, RB Capital Management LLC increased its holdings in shares of Stanley Black & Decker by 1.8% during the 1st quarter. RB Capital Management LLC now owns 9,937 shares of the industrial products company's stock worth $764,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $67.79 on Monday. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $106.54. The stock has a market capitalization of $10.49 billion, a PE ratio of 21.52, a P/E/G ratio of 1.42 and a beta of 1.19. The firm has a 50 day moving average of $74.06 and a two-hundred day moving average of $68.84.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.72 billion during the quarter. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.9%. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is 105.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWK. The Goldman Sachs Group restated a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a report on Wednesday, July 30th. 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, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Sunday. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $88.10.

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.

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