Pekin Hardy Strauss Inc. Sells 1,385 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Pekin Hardy Strauss Inc. reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 51,789 shares of the industrial products company’s stock after selling 1,385 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $4,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $133,952,000. Price T Rowe Associates Inc. MD grew its holdings in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after acquiring an additional 1,250,925 shares during the last quarter. Kodai Capital Management LP purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at about $32,679,000. Dimensional Fund Advisors LP increased its position in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. Finally, Sabal Trust CO purchased a new stake in shares of Stanley Black & Decker during the second quarter worth about $19,878,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Up 1.2 %

Shares of NYSE SWK opened at $102.58 on Tuesday. The firm’s 50 day moving average price is $95.52 and its 200-day moving average price is $90.90. The company has a market cap of $15.78 billion, a PE ratio of -148.67, a P/E/G ratio of 2.58 and a beta of 1.24. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned ($0.11) earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.22 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.82 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.20%. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

SWK has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Morgan Stanley started coverage on Stanley Black & Decker in a report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays upped their target price on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, UBS Group lifted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.75.

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.