PNC Financial Services Group Inc. Has $12.09 Million Position in Stanley Black & Decker, Inc. (SWK)

PNC Financial Services Group Inc. reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 90,976 shares of the industrial products company’s stock after selling 659 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of Stanley Black & Decker worth $12,088,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its position in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares during the last quarter. Franklin Resources Inc. boosted its position in Stanley Black & Decker by 58.2% in the fourth quarter. Franklin Resources Inc. now owns 2,229,725 shares of the industrial products company’s stock worth $255,736,000 after buying an additional 820,031 shares during the last quarter. Norges Bank purchased a new position in Stanley Black & Decker during the fourth quarter worth about $190,743,000. Bank of New York Mellon Corp boosted its position in Stanley Black & Decker by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 1,625,488 shares of the industrial products company’s stock worth $215,980,000 after buying an additional 24,445 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Stanley Black & Decker by 13.7% in the first quarter. Neuberger Berman Group LLC now owns 1,344,974 shares of the industrial products company’s stock worth $178,707,000 after buying an additional 161,721 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.37% during midday trading on Monday, reaching $141.73. 207,886 shares of the company traded hands. Stanley Black & Decker, Inc. has a one year low of $103.86 and a one year high of $142.06. The stock has a market capitalization of $21.68 billion, a P/E ratio of 18.10 and a beta of 1.06. The company has a 50 day moving average price of $137.79 and a 200-day moving average price of $128.35.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Friday, April 21st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.10. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post $7.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, June 7th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, June 5th. Stanley Black & Decker’s payout ratio is currently 29.67%.

COPYRIGHT VIOLATION NOTICE: “PNC Financial Services Group Inc. Has $12.09 Million Position in Stanley Black & Decker, Inc. (SWK)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/06/19/pnc-financial-services-group-inc-has-12-09-million-position-in-stanley-black-decker-inc-swk.html.

SWK has been the topic of several research analyst reports. Nomura initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, April 12th. They set a “buy” rating and a $145.00 price target on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Wednesday, March 29th. BidaskClub upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday. Seaport Global Securities initiated coverage on shares of Stanley Black & Decker in a research report on Friday. They set a “buy” rating and a $160.00 price target on the stock. Finally, Imperial Capital reiterated an “in-line” rating and set a $125.00 price target on shares of Stanley Black & Decker in a research report on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average target price of $150.13.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Ansell sold 11,474 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $135.61, for a total transaction of $1,555,989.14. Following the completion of the transaction, the executive vice president now directly owns 61,504 shares in the company, valued at approximately $8,340,557.44. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply