PNC Financial Services Group Inc. Trims Position in Stanley Black & Decker, Inc. (NYSE:SWK)

PNC Financial Services Group Inc. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,344 shares of the industrial products company’s stock after selling 2,421 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $2,276,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Empirical Finance LLC boosted its position in shares of Stanley Black & Decker by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after acquiring an additional 111 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after acquiring an additional 127 shares during the last quarter. Assetmark Inc. boosted its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after acquiring an additional 130 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after acquiring an additional 149 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $81.07 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a 50 day moving average price of $85.48 and a two-hundred day moving average price of $91.57. The company has a market capitalization of $12.52 billion, a P/E ratio of 41.79, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Citigroup dropped their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.00.

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.