Blue Trust Inc. Sells 2,060 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Blue Trust Inc. lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 69.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 910 shares of the industrial products company’s stock after selling 2,060 shares during the quarter. Blue Trust Inc.’s holdings in Stanley Black & Decker were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Capital Research Global Investors lifted its position in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after purchasing an additional 3,063,114 shares in the last quarter. Norges Bank purchased a new position in Stanley Black & Decker during the fourth quarter valued at $117,231,000. Invesco Ltd. lifted its position in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock valued at $332,336,000 after purchasing an additional 763,219 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock valued at $177,905,000 after purchasing an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company’s stock valued at $46,772,000 after purchasing an additional 575,129 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $67.69 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.47 billion, a P/E ratio of 28.09, a P/E/G ratio of 1.72 and a beta of 1.18. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The business’s 50-day moving average is $64.87 and its 200 day moving average is $74.96.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were given a $0.82 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.85%. Stanley Black & Decker’s dividend payout ratio is currently 136.10%.

Wall Street Analysts Forecast Growth

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

Stanley Black & Decker Company 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.