Stanley Black & Decker, Inc. $SWK Stock Holdings Decreased by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 48.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,210 shares of the industrial products company’s stock after selling 15,884 shares during the period. Franklin Resources Inc.’s holdings in Stanley Black & Decker were worth $1,166,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in Stanley Black & Decker during the second quarter valued at approximately $286,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $511,000. Miller Financial Services LLC lifted its stake in Stanley Black & Decker by 69.2% during the second quarter. Miller Financial Services LLC now owns 9,043 shares of the industrial products company’s stock worth $613,000 after purchasing an additional 3,700 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Stanley Black & Decker in the second quarter worth $49,000. Finally, Traub Capital Management LLC bought a new stake in Stanley Black & Decker during the second quarter valued at $133,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Morgan Stanley reiterated a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, UBS Group boosted their price objective on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Stock Performance

SWK opened at $72.35 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $69.30 and its 200-day moving average is $70.44. The stock has a market cap of $11.21 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.20. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $91.06.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors 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 4.6%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s payout ratio is currently 114.88%.

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.