Bank of New York Mellon Corp Lowers Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of New York Mellon Corp trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,143,524 shares of the industrial products company’s stock after selling 23,530 shares during the quarter. Bank of New York Mellon Corp owned 0.74% of Stanley Black & Decker worth $91,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company’s stock valued at $137,094,000 after acquiring an additional 16,983 shares in the last quarter. Norges Bank bought a new stake in Stanley Black & Decker during the fourth quarter worth $133,952,000. Schroder Investment Management Group boosted its position in Stanley Black & Decker by 1.4% in the fourth quarter. Schroder Investment Management Group now owns 980,833 shares of the industrial products company’s stock worth $96,220,000 after purchasing an additional 13,557 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Stanley Black & Decker by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 971,091 shares of the industrial products company’s stock valued at $95,264,000 after purchasing an additional 21,459 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 0.4 %

Shares of SWK stock opened at $100.18 on Thursday. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of -145.19, a PEG ratio of 2.61 and a beta of 1.25. The company’s fifty day simple moving average is $90.74 and its two-hundred day simple moving average is $89.89. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $108.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.27%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is currently -475.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWK. JPMorgan Chase & Co. boosted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. UBS Group increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays boosted their target price on Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.00.

Insider Buying and Selling

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.