Pekin Hardy Strauss Inc. Trims Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Pekin Hardy Strauss Inc. decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,664 shares of the industrial products company’s stock after selling 4,125 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $5,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWK. Rise Advisors LLC boosted its position in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the second quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $59,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. 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 note on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Robert W. Baird reduced their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Price Performance

SWK opened at $89.25 on Friday. The stock’s 50-day moving average price is $100.13 and its 200 day moving average price is $93.79. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of -65.15, a PEG ratio of 2.37 and a beta of 1.25. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is -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.