Pekin Hardy Strauss Inc. Has $4.14 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Pekin Hardy Strauss Inc. cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,789 shares of the industrial products company’s stock after selling 1,385 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Stanley Black & Decker were worth $4,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 100 shares during the period. Czech National Bank lifted its stake in shares of Stanley Black & Decker by 0.5% in 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 period. Brown Brothers Harriman & Co. increased its position in Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares in the last quarter. Rockland Trust Co. increased its position in Stanley Black & Decker by 1.5% in the 2nd quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after buying an additional 157 shares in the last quarter. Finally, Empirical Finance LLC increased its position in Stanley Black & Decker by 3.5% in the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after buying an additional 190 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on SWK. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays boosted their price objective on Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Morgan Stanley assumed coverage on Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. Finally, Robert W. Baird boosted their price objective on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $101.75.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $102.58 on Tuesday. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $108.15. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $95.52 and its 200 day simple moving average is $90.90. The company has a market cap of $15.78 billion, a price-to-earnings ratio of -148.67, a PEG ratio of 2.58 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.28 annualized dividend and a dividend yield of 3.20%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is currently -475.36%.

Insiders Place Their Bets

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

About Stanley Black & Decker

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.