Toronto Dominion Bank Reduces Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Toronto Dominion Bank lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,867 shares of the industrial products company’s stock after selling 2,552 shares during the quarter. Toronto Dominion Bank’s holdings in Stanley Black & Decker were worth $4,492,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SWK. Raymond James Financial Services Advisors Inc. increased its holdings in Stanley Black & Decker by 1.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 81,564 shares of the industrial products company’s stock valued at $8,001,000 after buying an additional 859 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Stanley Black & Decker by 3,869.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 105,618 shares of the industrial products company’s stock worth $10,361,000 after purchasing an additional 102,957 shares during the last quarter. Procyon Advisors LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $234,000. SeaCrest Wealth Management LLC grew its holdings in shares of Stanley Black & Decker by 22.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,694 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 668 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in shares of Stanley Black & Decker by 61.7% during the fourth quarter. Mirador Capital Partners LP now owns 9,251 shares of the industrial products company’s stock worth $908,000 after purchasing an additional 3,530 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $95.43 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The company has a market cap of $14.68 billion, a P/E ratio of -138.30, a PEG ratio of 2.66 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $104.21. The company has a 50-day moving average price of $84.83 and a 200 day moving average price of $89.15.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.41) earnings per share. Research analysts predict that Stanley Black & Decker, Inc. will post 3.98 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.82 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.44%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Robert W. Baird decreased their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Barclays downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $100.00 to $86.00 in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $94.67.

Stanley Black & Decker 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.