Financiere des Professionnels Fonds d investissement inc. Trims Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Financiere des Professionnels Fonds d investissement inc. cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,359 shares of the industrial products company’s stock after selling 928 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Stanley Black & Decker were worth $1,719,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SWK. Vontobel Holding Ltd. increased its holdings in shares of Stanley Black & Decker by 3.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 174 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Coastline Trust Co increased its holdings in shares of Stanley Black & Decker by 5.0% during the 4th quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 200 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Stanley Black & Decker by 0.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,839 shares of the industrial products company’s stock valued at $2,075,000 after purchasing an additional 217 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 0.6%

Shares of SWK opened at $71.17 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $66.17 and its two-hundred day moving average is $74.39. The stock has a market cap of $11.01 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.61%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.10%.

Wall Street Analyst Weigh In

SWK has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. UBS Group dropped their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $92.10.

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.