PNC Financial Services Group Inc. Has $3.17 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

PNC Financial Services Group Inc. boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,273 shares of the industrial products company’s stock after purchasing an additional 2,395 shares during the period. PNC Financial Services Group Inc.’s holdings in Stanley Black & Decker were worth $3,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Norges Bank purchased a new position in Stanley Black & Decker during the fourth quarter valued at approximately $133,952,000. International Assets Investment Management LLC grew its position in Stanley Black & Decker by 9,029.0% in the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock worth $41,330,000 after acquiring an additional 416,689 shares in the last quarter. Clean Energy Transition LLP lifted its stake in shares of Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock worth $191,593,000 after buying an additional 277,507 shares during the last quarter. Kensico Capital Management Corp lifted its stake in shares of Stanley Black & Decker by 49.6% in the third quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock worth $55,012,000 after buying an additional 218,200 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Stanley Black & Decker by 62.7% in the third quarter. Barclays PLC now owns 377,665 shares of the industrial products company’s stock worth $31,567,000 after buying an additional 145,517 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $86.13 on Friday. The firm has a fifty day moving average of $91.21 and a 200-day moving average of $91.98. 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, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the firm earned ($0.41) EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -469.56%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $97.00.

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.