Sabal Trust CO Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Sabal Trust CO bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 248,811 shares of the industrial products company’s stock, valued at approximately $19,878,000.

Several other large investors have also bought and sold shares of SWK. Truist Financial Corp raised its holdings in Stanley Black & Decker by 6.0% in the fourth quarter. Truist Financial Corp now owns 16,536 shares of the industrial products company’s stock worth $1,622,000 after buying an additional 933 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $236,000. Victory Capital Management Inc. raised its holdings in shares of Stanley Black & Decker by 5.7% during the fourth quarter. Victory Capital Management Inc. now owns 192,878 shares of the industrial products company’s stock valued at $18,921,000 after purchasing an additional 10,460 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $203,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Stanley Black & Decker by 2.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 232,683 shares of the industrial products company’s stock valued at $22,826,000 after purchasing an additional 6,285 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK opened at $102.36 on Friday. The firm has a market cap of $15.76 billion, a P/E ratio of -148.35, a PEG ratio of 2.72 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $108.15. The company has a 50 day simple moving average of $91.46 and a two-hundred day simple moving average of $90.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.82 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Insiders Place Their Bets

In related news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their target price on shares of Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Robert W. Baird upped 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. Finally, JPMorgan Chase & Co. upped their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.00.

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.