Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 30,765 shares of the industrial products company’s stock after acquiring an additional 3,309 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $3,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWK. International Assets Investment Management LLC increased its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after purchasing an additional 390,941 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after purchasing an additional 267,013 shares during the last quarter. Sabal Trust CO acquired a new stake in Stanley Black & Decker during the second quarter worth about $19,878,000. Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 8.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Stanley Black & Decker by 161.6% during the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock valued at $17,725,000 after acquiring an additional 137,058 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. UBS Group raised their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Barclays lifted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Trading Up 1.8 %

Shares of SWK opened at $89.25 on Monday. The stock’s 50-day moving average is $100.13 and its two-hundred day moving average is $93.84. The stock has a market cap of $13.76 billion, a PE ratio of -65.15, a P/E/G ratio of 2.37 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is currently -239.42%.

Stanley Black & Decker Company Profile

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.