Crescent Sterling Ltd. Sells 1,955 Shares of Stanley Black & Decker, Inc. $SWK

Crescent Sterling Ltd. lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,812 shares of the industrial products company’s stock after selling 1,955 shares during the period. Stanley Black & Decker comprises 1.5% of Crescent Sterling Ltd.’s holdings, making the stock its 22nd largest position. Crescent Sterling Ltd.’s holdings in Stanley Black & Decker were worth $1,342,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of 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 buying an additional 296 shares in the last quarter. 1248 Management LLC bought a new stake in shares of Stanley Black & Decker in the 1st quarter valued at $26,000. Princeton Global Asset Management LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at $25,000. TD Private Client Wealth LLC increased its position in shares of 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 valued at $33,000 after buying an additional 382 shares in the last quarter. Finally, Garde Capital Inc. increased its position in shares of Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after buying an additional 321 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.4%

Stanley Black & Decker stock opened at $67.64 on Friday. The firm has a 50-day moving average of $73.24 and a 200-day moving average of $69.47. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $96.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.46 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.72 billion during the quarter. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is currently 105.40%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SWK shares. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Morgan Stanley reaffirmed a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Finally, Barclays reduced their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.10.

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.