PNC Financial Services Group Inc. Buys 5,834 Shares of Stanley Black & Decker, Inc. $SWK

PNC Financial Services Group Inc. boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 21.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,619 shares of the industrial products company’s stock after buying an additional 5,834 shares during the period. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $2,210,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SWK. SBI Securities Co. Ltd. grew its stake in shares of Stanley Black & Decker by 87.5% in the second quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 272 shares during the last quarter. National Pension Service boosted its stake in Stanley Black & Decker by 3.0% in the 2nd quarter. National Pension Service now owns 51,725 shares of the industrial products company’s stock worth $3,504,000 after purchasing an additional 1,514 shares in the last quarter. Allworth Financial LP grew its position in Stanley Black & Decker by 44.1% during the 2nd quarter. Allworth Financial LP now owns 3,345 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 1,024 shares during the last quarter. Americana Partners LLC increased its stake in Stanley Black & Decker by 0.3% during the 2nd quarter. Americana Partners LLC now owns 116,300 shares of the industrial products company’s stock valued at $7,879,000 after purchasing an additional 382 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Stanley Black & Decker by 38.8% in the second quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after buying an additional 761,191 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Down 1.3%

Shares of NYSE:SWK opened at $62.86 on Wednesday. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $93.63. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The stock’s 50-day simple moving average is $71.20 and its two-hundred day simple moving average is $70.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion for the quarter. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is currently 114.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SWK. Morgan Stanley reissued a “positive” rating and set a $80.00 price target on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Finally, UBS Group lifted their price objective on Stanley Black & Decker from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $88.10.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.