Stanley Black & Decker, Inc. $SWK Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 41.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,091 shares of the industrial products company's stock after selling 5,827 shares during the quarter. Truist Financial Corp's holdings in Stanley Black & Decker were worth $548,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in Stanley Black & Decker by 3.8% during the first quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company's stock worth $345,000 after acquiring an additional 165 shares during the period. Parallel Advisors LLC boosted its position in 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 acquiring an additional 171 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in 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 acquiring an additional 174 shares during the period. RB Capital Management LLC boosted its position in 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 acquiring an additional 175 shares during the period. Finally, Allworth Financial LP boosted its position in Stanley Black & Decker by 9.2% during the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company's stock worth $178,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Wall Street Zen upgraded Stanley Black & Decker from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird lifted their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and an average target price of $88.10.

Stanley Black & Decker Stock Up 1.0%

Shares of SWK stock opened at $67.70 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $108.48. The firm has a market cap of $10.48 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The stock has a 50 day moving average of $74.10 and a 200-day moving average of $68.98. 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 (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The business had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio (DPR) is presently 105.40%.

Stanley Black & Decker Company 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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