Sabal Trust CO Has $19.24 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Sabal Trust CO raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,300 shares of the industrial products company’s stock after acquiring an additional 13,180 shares during the quarter. Sabal Trust CO owned approximately 0.16% of Stanley Black & Decker worth $19,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWK. Golden State Wealth Management LLC lifted its stake in Stanley Black & Decker by 1,138.5% in the 1st 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 during the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $31,000. Cape Investment Advisory Inc. boosted its stake in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $40,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWK. UBS Group dropped their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Robert W. Baird increased their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price target on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $66.29 on Thursday. The business has a fifty day moving average price of $64.66 and a two-hundred day moving average price of $75.09. The stock has a market capitalization of $10.26 billion, a PE ratio of 27.51, a P/E/G ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.95%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 136.10%.

Stanley Black & Decker 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.