US Bancorp DE Reduces Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

US Bancorp DE decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,579 shares of the industrial products company’s stock after selling 1,333 shares during the period. US Bancorp DE’s holdings in Stanley Black & Decker were worth $5,639,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. First United Bank & Trust purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. Principal Securities Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. boosted its position in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 140 shares during the period. Finally, Fairman Group LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SWK. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Barclays lowered shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $94.67.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $0.43 during trading hours on Wednesday, reaching $89.61. The company’s stock had a trading volume of 731,438 shares, compared to its average volume of 1,401,814. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The company’s 50 day simple moving average is $84.95 and its 200 day simple moving average is $89.53. The stock has a market cap of $13.79 billion, a P/E ratio of -130.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company earned ($0.41) EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts expect that Stanley Black & Decker, Inc. will post 3.97 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.24 annualized dividend and a dividend yield of 3.62%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

About Stanley Black & Decker

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.