Harbour Investments Inc. Trims Position in Stanley Black & Decker, Inc. $SWK

Harbour Investments Inc. lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,174 shares of the industrial products company’s stock after selling 2,099 shares during the period. Harbour Investments Inc.’s holdings in Stanley Black & Decker were worth $283,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased 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 worth $25,000 after buying an additional 296 shares during the period. 1248 Management LLC purchased a new position in Stanley Black & Decker in the 1st quarter worth about $26,000. TD Private Client Wealth LLC increased its stake in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after buying an additional 382 shares during the period. Garde Capital Inc. increased its stake in Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after buying an additional 321 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in Stanley Black & Decker in the 2nd quarter worth about $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research reports. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays cut their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley reissued a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Monday, August 18th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Up 2.6%

NYSE:SWK opened at $70.87 on Wednesday. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $105.30. The stock has a market capitalization of $10.97 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company’s 50-day simple moving average is $74.05 and its 200-day simple moving average is $68.89.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion for the quarter. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.83 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 dividend on an annualized basis and a yield of 4.7%. Stanley Black & Decker’s dividend payout ratio (DPR) is 105.40%.

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.