C2C Wealth Management LLC Takes $587,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

C2C Wealth Management LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,035 shares of the industrial products company’s stock, valued at approximately $587,000.

Several other hedge funds have also recently bought and sold shares of SWK. Cetera Advisor Networks LLC boosted its position in shares of Stanley Black & Decker by 4.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock worth $503,000 after buying an additional 138 shares in the last quarter. Panagora Asset Management Inc. increased its position in Stanley Black & Decker by 3.5% during the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after buying an additional 96 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Stanley Black & Decker by 22.2% in the first quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company’s stock valued at $636,000 after acquiring an additional 807 shares in the last quarter. Sei Investments Co. increased its position in Stanley Black & Decker by 58.2% during the 1st quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company’s stock worth $7,580,000 after purchasing an additional 19,966 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Stanley Black & Decker by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company’s stock valued at $1,218,000 after purchasing an additional 629 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 0.2 %

SWK stock traded down $0.15 during trading on Friday, reaching $83.61. The stock had a trading volume of 1,649,173 shares, compared to its average volume of 1,636,428. The firm has a fifty day moving average price of $92.25 and a 200 day moving average price of $86.72. The company has a current ratio of 1.28, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.81 billion, a P/E ratio of 16.49, a PEG ratio of 5.46 and a beta of 1.37. Stanley Black & Decker, Inc. has a 1-year low of $70.24 and a 1-year high of $104.21.

Stanley Black & Decker (NYSE:SWK – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.25. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 1 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th were issued a $0.81 dividend. The ex-dividend date of this dividend was Friday, September 1st. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.80. This represents a $3.24 annualized dividend and a yield of 3.88%. Stanley Black & Decker’s dividend payout ratio is currently 63.78%.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 3,081 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the sale, the senior vice president now owns 32,690 shares in the company, valued at approximately $3,228,464.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Stanley Black & Decker from $90.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. StockNews.com lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Mizuho upped their price objective on shares of Stanley Black & Decker from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Wolfe Research cut shares of Stanley Black & Decker from a “peer perform” rating to an “underperform” rating and set a $94.00 target price on the stock. in a research report on Friday, August 11th. Finally, Citigroup increased their price target on shares of Stanley Black & Decker from $98.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $97.36.

Check Out Our Latest Stock Report on Stanley Black & Decker

Stanley Black & Decker Company Profile

(Free Report)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.