TD Asset Management Inc Sells 29,969 Shares of Stanley Black & Decker, Inc. $SWK

Key Points

• TD Asset Management Inc significantly reduced its position in Stanley Black & Decker by 48.4% during Q2, selling 29,969 shares and holding 31,998 shares worth $2,168,000.
• The company announced a quarterly dividend increase to $0.83 per share, resulting in a 4.7% dividend yield, although its payout ratio stands at 105.40%.
• Stanley Black & Decker has received mixed analyst ratings, with an average price target of $88.10, reflecting a balance of buy, hold, and sell recommendations.

TD Asset Management Inc lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 48.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,998 shares of the industrial products company's stock after selling 29,969 shares during the quarter. TD Asset Management Inc's holdings in Stanley Black & Decker were worth $2,168,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in 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 last quarter. 1248 Management LLC bought a new stake in Stanley Black & Decker during the first quarter valued at $26,000. TD Private Client Wealth LLC boosted its position in Stanley Black & Decker by 830.4% during the first 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 during the last quarter. Garde Capital Inc. boosted its position in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 321 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $59,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $70.87 on Wednesday. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $105.30. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The firm's 50-day simple moving average is $74.05 and its 200 day simple moving average is $68.89.

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

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.7%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's payout ratio is 105.40%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SWK. Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. 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. Weiss Ratings reissued a "hold (c)" rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $80.00 price objective on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $88.10.

About Stanley Black & Decker

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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