Texas Yale Capital Corp. Has $1.20 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Texas Yale Capital Corp. reduced its holdings in Stanley Black & Decker by 31.3%, selling 7,100 shares during the first quarter, leaving them with 15,597 shares valued at approximately $1.20 million.
• Institutional investors hold 87.77% of Stanley Black & Decker's stock, with many, including Golden State Wealth Management LLC and TD Private Client Wealth LLC, significantly increasing their stakes in the company.
• Stanley Black & Decker announced a quarterly dividend increase to $0.83 per share, which results in an annualized dividend yield of 4.49%, despite a payout ratio of 136.10%.

Texas Yale Capital Corp. cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 31.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,597 shares of the industrial products company's stock after selling 7,100 shares during the quarter. Texas Yale Capital Corp.'s holdings in Stanley Black & Decker were worth $1,199,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings 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 purchasing an additional 296 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $31,000. TD Private Client Wealth LLC raised its stake in shares of Stanley Black & Decker by 830.4% in 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. CX Institutional bought a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $65,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SWK shares. UBS Group cut their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their target price on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. cut their target price on shares of 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 upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $93.40.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $73.96 on Monday. The firm has a fifty day moving average of $68.37 and a two-hundred day moving average of $73.38. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.44 and a beta of 1.18. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm 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. This is a boost from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.49%. Stanley Black & Decker's payout ratio is presently 136.10%.

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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