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

PNC Financial Services Group Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,765 shares of the industrial products company’s stock after purchasing an additional 3,309 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $3,388,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the 3rd quarter valued at approximately $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.8 %

SWK stock opened at $89.25 on Monday. The firm has a market cap of $13.76 billion, a PE ratio of -65.15, a P/E/G ratio of 2.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The firm’s fifty day moving average is $100.13 and its 200 day moving average is $93.84. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Ratings Changes

SWK has been the topic of a number of research reports. Morgan Stanley cut their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays increased their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Robert W. Baird cut their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker 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.