TD Asset Management Inc Sells 29,969 Shares of Stanley Black & Decker, Inc. $SWK

TD Asset Management Inc lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 31,998 shares of the industrial products company’s stock after selling 29,969 shares during the quarter. TD Asset Management Inc’s holdings in Stanley Black & Decker were worth $2,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SWK. Golden State Wealth Management LLC lifted its position in shares of Stanley Black & Decker by 1,138.5% during 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 in the last quarter. 1248 Management LLC purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $26,000. TD Private Client Wealth LLC increased its stake in shares of Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 382 shares during the last quarter. Garde Capital Inc. increased its stake in shares of Stanley Black & Decker by 160.5% during the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 2.6%

Stanley Black & Decker stock opened at $70.87 on Wednesday. The firm has a 50 day simple moving average of $74.05 and a 200 day simple moving average of $68.89. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $105.30. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.44 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results 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 firm had revenue of $3.72 billion during the quarter. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s payout ratio is 105.40%.

Wall Street Analyst Weigh In

SWK has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on shares of Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Barclays decreased their price target 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. Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $88.10.

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.