Stanley Black & Decker, Inc. $SWK Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,122 shares of the industrial products company’s stock after selling 971 shares during the period. First Horizon Advisors Inc.’s holdings in Stanley Black & Decker were worth $76,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Princeton Global Asset Management LLC acquired a new stake in Stanley Black & Decker during the 2nd quarter worth about $25,000. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker in the first quarter worth approximately $26,000. TD Private Client Wealth LLC lifted 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 acquiring an additional 382 shares in the last quarter. Garde Capital Inc. boosted its stake in Stanley Black & Decker by 160.5% in 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 period. Finally, Trust Co. of Toledo NA OH purchased a new position in Stanley Black & Decker during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SWK. UBS Group increased their target price on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley reaffirmed a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Barclays reduced 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 report on Wednesday, July 30th. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Trading Up 1.1%

NYSE:SWK opened at $68.21 on Monday. The company has a market capitalization of $10.56 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.46 and a beta of 1.21. The stock’s 50 day moving average price is $72.47 and its 200 day moving average price is $69.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.63.

Stanley Black & Decker (NYSE:SWK) last posted its 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 company had revenue of $3.72 billion during the quarter. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

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.