Toronto Dominion Bank Sells 2,552 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Toronto Dominion Bank cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors have also recently modified their holdings of the company. M&T Bank Corp increased its position in shares of Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock valued at $3,705,000 after purchasing an additional 113 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of Stanley Black & Decker by 0.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank increased its position in shares of Stanley Black & Decker by 0.5% during the 1st quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 140 shares during the last quarter. Finally, Principle Wealth Partners LLC grew its position in Stanley Black & Decker by 2.9% during the 1st quarter. Principle Wealth Partners LLC now owns 6,371 shares of the industrial products company’s stock worth $624,000 after acquiring an additional 182 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Barclays lowered Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Finally, Robert W. Baird reduced their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price of $94.67.

Insider Activity

In other news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was 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 owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $95.43 on Friday. The firm has a market cap of $14.68 billion, a P/E ratio of -138.30, a P/E/G ratio of 2.66 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $104.21. The business’s 50 day moving average price is $84.83 and its 200-day moving average price is $89.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned ($0.41) EPS. On average, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

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.