American Century Companies Inc. Sells 16,479 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

American Century Companies Inc. decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,610 shares of the industrial products company's stock after selling 16,479 shares during the quarter. American Century Companies Inc.'s holdings in Stanley Black & Decker were worth $1,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SWK. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. grew its stake in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after buying an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new position in Stanley Black & Decker in the 4th quarter worth $40,000. SRS Capital Advisors Inc. lifted its position in 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 worth $42,000 after acquiring an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $44,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SWK shares. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. Finally, Barclays cut their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and a consensus price target of $102.20.

Stanley Black & Decker Price Performance

Shares of SWK traded up $0.33 during mid-day trading on Friday, reaching $59.01. The company had a trading volume of 3,765,514 shares, compared to its average volume of 1,735,643. The company's 50-day moving average is $79.49 and its 200-day moving average is $86.82. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a market capitalization of $9.12 billion, a P/E ratio of 30.42, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.56%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.

Stanley Black & Decker Company Profile

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.